Definition: Hedonic approach
Land estimation
Indirect estimation method that utilises a hedonic regression model to deconstruct the real estate property value (that is, the combined value of land and structures) into separate prices for the land and for the structure.
Source:
Eurostat, Organization for Economic Cooperation and Development (OECD), "Eurostat-OECD compilation guide on land estimation", Luxembourg, Paris, 2015
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