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Hedonic Price Model in the Prague Property Market

Citace: [] MELICHAR, J., VOJÁČEK, O., RIEGER, P., JEDLIČKA, K. Hedonic Price Model in the Prague Property Market. Praha, 2008.
Druh: Zaniklé typy
Jazyk publikace: eng
Anglický název: Hedonic Price Model in the Prague Property Market
Rok vydání: 2008
Místo konání: Praha
Autoři: Jan Melichar , Ondřej Vojáček , Pavel Rieger , Karel Jedlička
Abstrakt CZ: Model založený na hedonické ceně kvantifikuje vliv rúzných atributů na cenu nemovitostí. Článek popisuje aplikaci hedonického modelu na trh s nemovitostmi v Praze.
Abstrakt EN: Hedonic price model was developed to quantify the influence of structural, accessibility and environmental attributes on the price of housing in the city of Prague. We have considered the size of flat as structural variable, the distance from the dwelling to the city center and to the nearest tube station as accessibility variables, and the proximity to the nearest urban forest as environmental variable. We have developed several regression models and tested their robustness in terms of the significance of parameters and the amount of variability explained. The sample is made up of 1,708 observations gathered from the city of Prague. Results show the size of flat is the most relevant variable explaining the price of housing. We have found also a significant inverse relationship between the selling price and its distance from a city center and urban forests.
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