Urban design quality and real estate value: in search of a methodological framework

Abstract

This paper presents a critical interdisciplinary examination of the interface between the urban design and real estate disciplines and provides a modus operandi for estimating different aspects of quality design. The purpose of this paper is to provide a framework for further developing hedonic modelling of real estate markets to value urban design quality. It achieves this by investigating in detail the concepts of urban design quality and real estate value, and by advocating the need for an overarching conceptual approach through the application of utility theory that provides the theoretical underpinnings of the framework.