Publication detail

Determinants of housing price: data analysis of city Brno

REICHEL, V. SCHENKOVÁ, K.

Original Title

Determinants of housing price: data analysis of city Brno

Type

conference paper

Language

English

Original Abstract

This paper introduces determinants of housing price in the statutory city of Brno. The aim is to present several determinants and find the model which describes the relationship between determinants and housing price. We choose three types of variables as determinants: time, location and house characteristics. For the purpose of processing this paper realized prices were analysed (for the period between 2012:Q1 and 2015:Q2) for housing units located in different districts of Brno. Those three are then variables entered into hedonic price model. Hedonic price model is estimated using the method of ordinary least square. In conclusion this contribution sets out the factors that influence the buyer's choice of new house.

Keywords

housing; hedonic pricing model; OLS; price determinants

Authors

REICHEL, V.; SCHENKOVÁ, K.

Released

2. 3. 2016

ISBN

978-80-7435-636-0

Book

4th International Scientific Conference on Hradec Economic Days

Pages from

882

Pages to

888

Pages count

7

BibTex

@inproceedings{BUT169851,
  author="Vlastimil {Reichel} and Klára {Schenková}",
  title="Determinants of housing price: data analysis of city Brno",
  booktitle="4th International Scientific Conference on Hradec Economic Days",
  year="2016",
  pages="882--888",
  isbn="978-80-7435-636-0"
}