The results highlight the following strengths and limitations of each method: 1) In contrast to SEM, MWR, and GWR, ESF depicts more localized patterns of the parameter estimates and does not smooth local particularities. The comparison covered the spatial expansion method (SEM), moving window regression (MWR), geographically weighted regression (GWR), and genetic algorithm-based eigenvector spatial filtering (ESF), an approach that had not previously been employed in real estate research. In response to the growing number of spatially varying coefficient models in housing applications, this study evaluated four models in terms of their spatial patterns of local parameter estimates, multicollinearity between local coefficients, and their predictive accuracy, utilizing housing data for the metropolitan area of Vienna (Austria). Real estate policies in urban areas require the recognition of spatial heterogeneity in housing prices to account for local settings.
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