EVALUATION OF REAL ESTATE TRADING PRICE USING HEDONIC REGRESSION. CASE STUDY: MUNTENIA REGION
EVALUATION OF REAL ESTATE TRADING PRICE USING HEDONIC REGRESSION. CASE STUDY: MUNTENIA REGION

Summary/Abstract: In Romania there is not an unique real estate market. There are instead several regional markets, each different from the others. Differences exist between real estate markets in counties within the same region. The trading price of real estate is influenced by these differences. The estimation of a single regression model to assess the trading price of the property would allow greater freedom of action for all entities operating in these markets, but this is impossible because of the substantial differences between regions /counties. It is possible to estimate the regression models based on the same set of variables that capture characteristics of the properties and compare them in order to highlight specificity at the level of regions /counties. This paper focuses on estimating models for valuation of trading price using hedonic regression in the counties within the region Muntenia and identification of differences between them.

• Details
• Contents