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- Title
Konut Fiyatlarını Etkileyen Faktörlerin Hedonik Fiyat Modeli ile Tespiti: Aydın İli Kent Merkezi Örneği.
- Authors
GÜNDOĞMUŞ, Mehmet Erdemir; BAŞKAYA, Hatice
- Abstract
The aim of this study is the determination of the variables affecting the house prices by using the Hedonic Price Model on the houses where 759 numbers real purchase-sale data have been collected from seller or purchaser in Aydın city center in the last year. All the houses that were subject to sale in 2018 regarding the residences in eighteen neighborhoods in the city center of Aydın were taken into consideration and the transactions (real purchases and sales) of the parties in the deed by agreement. In this study, hedonic price model is used, lin-lin, log-lin and log-log model forms are analyzed and log-lin form is found to give better results. Ten dummy variables and thirteen continious variables totaly twenty three independent variables included in the model, and 13 of them are found statistically important. These variables are such as gross living area of the flat, number of rooms, number of floors, have more than one front, having two or more bathrooms, presence of elevator, presence of swimming pool, natural gas heating, apartment building on boulevard, distance to the bazaar, distance to the mall and, distance to the nearest school. The adjusted R² of the equation is found 85.6 %.
- Subjects
HOME prices; PRICES; DUMMY variables; APARTMENT buildings; DISTANCE education
- Publication
Ekonomik Yaklaşim, 2022, Vol 33, Issue 125, p429
- ISSN
1300-1868
- Publication type
Article
- DOI
10.5455/ey.24001