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- Title
ANALYSING LOCATION ATTRIBUTES WITH A HEDONIC MODEL FOR APARTMENT PRICES IN DONETSK, UKRAINE.
- Authors
Kryvobokov, Marko; Wilhelmsson, Mats
- Abstract
A hedonic model is specified for asking prices for apartments in Donetsk (Ukraine). This model is used to determine statistically significant location attributes. These attributes can be used for land assessment in a city where data on the land market are lacking. Distance gradients for CBD accessibility are investigated in different geographical directions. Separate models are created for sub-samples located inside and outside the city centre. A spatial weight matrix is used to detect spatial autocorrelation. The regression results are compared with the valuation of experts.
- Subjects
DONETSK (Ukraine); UKRAINE; APARTMENTS; REAL property; HOMESITES; AUTOCORRELATION (Statistics); APARTMENT buildings; REAL estate management; MATHEMATICAL models
- Publication
International Journal of Strategic Property Management, 2007, Vol 11, Issue 3, p157
- ISSN
1648-715X
- Publication type
Article
- DOI
10.3846/1648715X.2007.9637567