Measuring structural, location and environmental effects: a hedonic analysis of housing market in Wroclaw, Poland  

Oleh:

Ligus, Magdalena ; Peternek, Piotr

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: Procedia - Social and Behavioral Sciences vol. 220 (May 2016), page 1-10.
Topik: hedonic pricing method; location effects; environmental effects
Fulltext: Procedia v220 Page 251.pdf (446.95KB)

Isi artikel

This study aimed to investigate the home-buyers’ preferences and assess marginal values of improvements in structural, location and environmental attributes for Wroclaw, Poland. The AMRON database of Polish Banks Association is used with observations between 2013-2014 years. The GIS technique is applied for implementation to the database location and environmental attributes. Results of the hedonic regression analysis for linear, semi-log and model with Box-Cox transformation give good explanatory power (adjusted R square more than 0,7). Most of structural and location attributes occurred statistically significant with expected signs of influence on prices, nevertheless analyzed environmental attributes occurred to be statistically insignificant.

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