Estimation of Hedonic Housing Price Function in Kerman City
Housing is a heterogeneous, durable, immovable, capital and commodity good which its value (price) is determined based on multiple and different characteristics such as infrastructure, the number of rooms, welfare amenities, access, security and other factors. Determination of the value of these fea...
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| Format: | Article |
| Language: | fas |
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Shahid Bahonar University of Kerman
2011-05-01
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| Series: | مجله توسعه و سرمایه |
| Subjects: | |
| Online Access: | https://jdc.uk.ac.ir/article_2061_00a56e133e1943814ee764d297246515.pdf |
| _version_ | 1797835608115118080 |
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| author | Maryam Tahmtani Shahram Golestani (Ph.D) |
| author_facet | Maryam Tahmtani Shahram Golestani (Ph.D) |
| author_sort | Maryam Tahmtani |
| collection | DOAJ |
| description | Housing is a heterogeneous, durable, immovable, capital and commodity good which its value (price) is determined based on multiple and different characteristics such as infrastructure, the number of rooms, welfare amenities, access, security and other factors. Determination of the value of these features, which represent the share of each factor in the price of a residential unit is very important for those involved in the housing sector, even for vendors and buyers. In this regard, in the present study, the effective factors on housing prices in Kerman city have been examined by using a Hedonic pricing model. According to the subject, effective factors on housing prices have been used in the form of eight variables, including four physical features, three access properties, and an environmental feature. This model is estimated by using data from 156 questionnaires that were collected by the Statistical Center of Iran from villas in Kerman, and tested and implicit price of each characteristic (factor) is evaluated. The results show that only physical properties havesignificant and positive effect on the price of residential units which have been investigated. Among the physical properties, infrastructure has the greatest impact on the price and then respectively the area of the courtyard, the skeleton of concrete and metal, and frontage features are important. |
| first_indexed | 2024-04-09T14:55:20Z |
| format | Article |
| id | doaj.art-59178206ccdd471182113586c8d214ee |
| institution | Directory Open Access Journal |
| issn | 2008-2428 2645-3606 |
| language | fas |
| last_indexed | 2024-04-09T14:55:20Z |
| publishDate | 2011-05-01 |
| publisher | Shahid Bahonar University of Kerman |
| record_format | Article |
| series | مجله توسعه و سرمایه |
| spelling | doaj.art-59178206ccdd471182113586c8d214ee2023-05-02T06:51:27ZfasShahid Bahonar University of Kermanمجله توسعه و سرمایه2008-24282645-36062011-05-0141759910.22103/jdc.2011.20612061Estimation of Hedonic Housing Price Function in Kerman CityMaryam Tahmtani0Shahram Golestani (Ph.D)1M.A. of Economic, Shahid Bahonar University of Kerman, Kerman, Iran.Assistant Professor, Shahid Bahonar University of Kerman, Kerman, Iran.Housing is a heterogeneous, durable, immovable, capital and commodity good which its value (price) is determined based on multiple and different characteristics such as infrastructure, the number of rooms, welfare amenities, access, security and other factors. Determination of the value of these features, which represent the share of each factor in the price of a residential unit is very important for those involved in the housing sector, even for vendors and buyers. In this regard, in the present study, the effective factors on housing prices in Kerman city have been examined by using a Hedonic pricing model. According to the subject, effective factors on housing prices have been used in the form of eight variables, including four physical features, three access properties, and an environmental feature. This model is estimated by using data from 156 questionnaires that were collected by the Statistical Center of Iran from villas in Kerman, and tested and implicit price of each characteristic (factor) is evaluated. The results show that only physical properties havesignificant and positive effect on the price of residential units which have been investigated. Among the physical properties, infrastructure has the greatest impact on the price and then respectively the area of the courtyard, the skeleton of concrete and metal, and frontage features are important.https://jdc.uk.ac.ir/article_2061_00a56e133e1943814ee764d297246515.pdfhedonic modelhousinghedonic price functionkerman cityurban areas |
| spellingShingle | Maryam Tahmtani Shahram Golestani (Ph.D) Estimation of Hedonic Housing Price Function in Kerman City مجله توسعه و سرمایه hedonic model housing hedonic price function kerman city urban areas |
| title | Estimation of Hedonic Housing Price Function in Kerman City |
| title_full | Estimation of Hedonic Housing Price Function in Kerman City |
| title_fullStr | Estimation of Hedonic Housing Price Function in Kerman City |
| title_full_unstemmed | Estimation of Hedonic Housing Price Function in Kerman City |
| title_short | Estimation of Hedonic Housing Price Function in Kerman City |
| title_sort | estimation of hedonic housing price function in kerman city |
| topic | hedonic model housing hedonic price function kerman city urban areas |
| url | https://jdc.uk.ac.ir/article_2061_00a56e133e1943814ee764d297246515.pdf |
| work_keys_str_mv | AT maryamtahmtani estimationofhedonichousingpricefunctioninkermancity AT shahramgolestaniphd estimationofhedonichousingpricefunctioninkermancity |