Price Surfaces: Visualization of Dwelling Market Variations in Helsinki Metropolitan Area, Finland

Minna Halonen, Pekka Lahti

    Research output: Chapter in Book/Report/Conference proceedingConference article in proceedingsScientificpeer-review

    Abstract

    VTT Technical Research Centre of Finland possesses a large database of dwelling prices based on real transactions from all over Finland starting from the year 1970. The database contains over 500 000 dwelling and real estate transactions. This paper presents the first attempt to visualize spatial and temporal changes of dwelling prices by using GIS based spatial analysis methodology. The product of the analysis process consists of a series of maps, so called price-surfaces, which can be used to monitor the development of local dwelling markets by localizing its hot spots and stagnating areas. The pilot study covers the Helsinki Metropolitan Area and the time period of the last 23 years. The maps present surfaces of dwelling prices covering all the residential areas of the HMA. The initial point datasets are interpolated into regional grids by using Inverse Distance Weighting (IDW) method.
    Original languageEnglish
    Title of host publicationAGILE 2005: 8th Conference on Geographic Information Science
    Subtitle of host publicationConference Proceedings
    Pages593-597
    Publication statusPublished - 2005
    MoE publication typeA4 Article in a conference publication
    Event8th Conference on Geographic Information Science, AGILE 2005 - Estoril, Portugal
    Duration: 26 May 200528 May 2005
    Conference number: 8

    Conference

    Conference8th Conference on Geographic Information Science, AGILE 2005
    Abbreviated titleAGILE 2005
    CountryPortugal
    CityEstoril
    Period26/05/0528/05/05

    Keywords

    • price surfaces
    • dwelling prices
    • time series
    • GIS
    • spatial analysis

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  • Cite this

    Halonen, M., & Lahti, P. (2005). Price Surfaces: Visualization of Dwelling Market Variations in Helsinki Metropolitan Area, Finland. In AGILE 2005: 8th Conference on Geographic Information Science: Conference Proceedings (pp. 593-597)