Hedonic price model for Warsaw housing market

• Autorzy: Monika Bazyl
• Języki publikacji: EN

Abstrakty

A hedonic price model has been constructed for Warsaw housing market using 2006 asking price data. Model parameters reveal a substantial influence of proximity to the metro station on flat prices. If there is a metro station within 1 km distance to a flat its price increases by 15% according to the estimated basic hedonic model. Also green areas have a positive impact on flat prices while industrial areas affect negatively flat prices. To account for spatial autocorrelation two types of spatial hedonic model were constructed: spatial autoregression model and spatial error model. Both proved that there is a significant spatial autocorrelation present in the basic hedonic model.(original abstract)

Słowa kluczowe

EN

Prices; Dwellings; Hedonic price model; Hedonic regression

PL

Ceny; Mieszkania; Analiza hedoniczna cen; Regresja hedoniczna

• Czasopismo: Department of Applied Econometrics Working Papers
• Rocznik: 2009
• Numer: nr 8
• Strony: 17

Twórcy

autor

Monika Bazyl

• Warsaw School of Economics, Poland

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