AN INVESTIGATION OF THE FACTORS INFLUENCING THE HOUSING PRICE USING HEDONIC PRICE MODEL (THE CASE OF YAZD THIRD DISTRICT)

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VARESE H.R.; MOUSAVI M.N.

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Journal: Journal of Geography and Environmental Studies Year:2010 | Volume:1 | Issue:3 Page(s): 5-12

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Title

AN INVESTIGATION OF THE FACTORS INFLUENCING THE HOUSING PRICE USING HEDONIC PRICE MODEL (THE CASE OF YAZD THIRD DISTRICT)

Author(s)

VARESE H.R. | MOUSAVI M.N. | Issue Writer Certificate

Keywords

HEDONIC PRICEQ3

HOUSINGQ2

PRICE OF HOUSINGQ1

YAZD CITYQ3

THIRD DISTRICT OF THE CITYQ3

Abstract

The purpose of this study is to investigate the factors influencing the price of HOUSING in the THIRD DISTRICT OF THE CITY of Yazd. The method of research is descriptive- analytic. The model used in this research is the Hedonic model of price. There are 18 variables which mostly focus on physical conditions, locations and availabilities. The findings obtained from 186 observations using computer software Eview, 3.1 indicate that the coefficients of 13 variables out of 18 variables under investigation, are statistically meaningful at 0.05 level of significance and 5 variables of bathroom, kitchen, basement, telephone and distance from the nearest medical and health center were not statistically meaningful and were not used in the final estimation. The structural form utilized to assess the function of HEDONIC PRICE of HOUSING has been a logarithmic one. The results show that the land and the substructure area as well as the number of floors have been among the most important factors influencing the price of HOUSING in Yazd, so much so that for every one percent increase in the land and substructure area there will be %49 and %38 increase in the price of HOUSING respectively. The estimation of some factors such as the building age, distance from the city center and the main street has revealed that such factors have negatively affected the price of HOUSING and have caused a decrease in the price.

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APA: Copy

VARESE, H.R., & MOUSAVI, M.N.. (2010). AN INVESTIGATION OF THE FACTORS INFLUENCING THE HOUSING PRICE USING HEDONIC PRICE MODEL (THE CASE OF YAZD THIRD DISTRICT). GEOGRAPHY AND ENVIRONMENTAL STUDIES, 1(3), 5-12. SID. https://sid.ir/paper/186436/en

Vancouver: Copy

VARESE H.R., MOUSAVI M.N.. AN INVESTIGATION OF THE FACTORS INFLUENCING THE HOUSING PRICE USING HEDONIC PRICE MODEL (THE CASE OF YAZD THIRD DISTRICT). GEOGRAPHY AND ENVIRONMENTAL STUDIES[Internet]. 2010;1(3):5-12. Available from: https://sid.ir/paper/186436/en

IEEE: Copy

H.R. VARESE, and M.N. MOUSAVI, “AN INVESTIGATION OF THE FACTORS INFLUENCING THE HOUSING PRICE USING HEDONIC PRICE MODEL (THE CASE OF YAZD THIRD DISTRICT),” GEOGRAPHY AND ENVIRONMENTAL STUDIES, vol. 1, no. 3, pp. 5–12, 2010, [Online]. Available: https://sid.ir/paper/186436/en

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