Estimating Residential Land Prices in the UK
summary
Builds a merged dataset linking the LR Price Paid Dataset to Ordnance Survey MasterMap footprints and LR freehold parcel maps, using QGIS and Python to extract building volumes/heights and land areas. Runs year-by-year regressions and compares against construction cost series (ONS / RICS when available) to decompose each transaction into structure vs land values and produce local and England-and-Wales land price indices. Results are preliminary but concrete: indices reconstructed, NW5 vs SN25 patterns align with expectations, constrained by missing purchased cost data and flat/complex-plot cases.
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chapters (7)
- 0:00UK land price intro
- 3:19Land price volatility matters
- 6:52Decomposing house prices
- 10:07Python and QGIS for data
- 14:52Regression analysis results
- 25:51Future land price indices
- 27:02Q&A on validation
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