Analysis of spatial autocorrelation in the housing market prices Cover Image

Analiza zjawiska autokorelacji przestrzennej cen transakcyjnych na rynku nieruchomości lokalowych
Analysis of spatial autocorrelation in the housing market prices

Author(s): Radosław Cellmer
Subject(s): Economy, Geomatics
Published by: Wydawnictwo Uniwersytetu Warmińsko-Mazurskiego w Olsztynie
Keywords: spatial autocorrelation;housing market;semi-variogram

Summary/Abstract: One of the most important factors influencing price and its effect on the value of real estate is location, which can be considered on both global and local scales. The result is that prices in a given location should be similar and they should show spatial auto-correlation. This paper deals with the essence of spatial autocorrelation and introduces a methodology of measuring spatial dependences. The results of the research concern housing prices in the vicinity of Olsztyn. For research purposes, global and local Morans and Getis-Ord indexes were used along with an analysis of semi-variograms. In this way, both the spatial autocorrelation and spatial differentiation of dependencies between housing prices were determined.

  • Issue Year: 11/2012
  • Issue No: 1
  • Page Range: 51-63
  • Page Count: 13
  • Language: Polish