Looking For That Ray – Knight Frank’s Sunshine Index
Posted By Jonathan Miller On December 7, 2012 @ 7:00 am In Housing Index,International | No Comments
[1]
[click to open WSJ article]
As a followup to my analysis of light on property values [2], I came across this fun way to look at the market.
…real-estate consulting firm Knight Frank looked at 14 warm-weather vacation spots around the world. Using the average hours of sunlight per day and the average house price for a four-bedroom property in a prime real-estate location, Knight Frank arrived at the price for an hour of sunshine, averaged over a year…
Of course this is merely another way to slice and dice the high end housing market – just like the stock market [3] – not scientific or useful but still fascinating – Florida looks like a pretty good deal.
Knight Frank Sunshine Index [WSJ [1]]
Article printed from Miller Samuel Real Estate Appraisers & Consultants: http://www.millersamuel.com
URL to article: http://www.millersamuel.com/blog/looking-that-ray-of-sunshine-knight-franks-sunshine-index/27438
URLs in this post:
[1] Image: http://online.wsj.com/article/SB10001424127887324556304578123190539615624.html#articleTabs%3Darticle
[2] my analysis of light on property values: http://www.millersamuel.com/blog/valuing-the-light-in-your-condo-or-co-op/27387
[3] just like the stock market: http://www.marketpsych.com/sunshine.php
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