Estimation of Hedonic Prices for Co-operative Flats in the City of Umeå with Spatial Autoregressive

In this paper we estimate hedonic prices for co-operative flats in the city of Umeå, Sweden, during  and . Structural and neighborhood characteristics together with accessibility measures are used as attributes in the hedonic price function. Since there are indications of spatial dependence Ordinary Least Squares estimation is inappropriate. Instead Spatial Autoregressive  estimation is used. Two attractive nodes, although with different purposes, are found in the city. Thus there are signs supporting the view that Umeå has developed into a multi-nodal structure for property values.