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The study found: property near the temple is more expensive

29.08.2014
Homesoverseas.ru editorial office
58
According to research by the University of Hamburg, the cost of apartments in Hamburg is located in close proximity to the temples is much higher, he writes of The the Wall Street the Journal . As noted by Wolfgang Manning, Professor, Department of Economics and Social Sciences of the University of Hamburg, located within a radius of 100 to 200 meters from the churches apartments put up for sale at a price 4.8% higher than in other areas of Hamburg, irrespective of religions to which they belong temples. Thus, the proximity to religious institutions is correlated with important pricing factors such as accessibility or proximity to the sports centers, says Manning. However, a closer location to the temples gains disappear. The study analyzed the cost of apartments in 4832 Hamburg for sale from 2002 to 2008. The study took into account factors such as the quality of the area, property type, and transport infrastructure. HomesOverseas.ru
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470 000 €
2 bedrooms
build area 98 sq. m
household appliances
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air conditioning
furniture
seller: Arcasa-Group
730 000 €
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build area 63 sq. m
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