Summary This paper reviews the empirical research which focuses on the numerous factors that affect apartment rent and property valuation. These factors range from rent control to physical attributes to various amenities and services. This survey should provide information for a host of international market participants including tax assessors who determine market value, appraisers who make market‐derived rent adjustments, and property managers and developers who set apartment rents.
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Benjamin et al. (1994) studied this question.
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