The range of uncertainty on the property market pricing: The case of the city of Shanghai

Jian Zhou, Yixuan Shen, Athanasios A. Pantelous and Hui Zhang

Finance Research Letters, 2021, vol. 40, issue C

Abstract: Property prices around the globe have seen very strong growth over the last two decades. Across various advanced countries, such a rapid and uncontrolled growth in house prices puts their economy in danger, and most importantly, their social integration and interconnectedness at great risk. In this paper, we develop a novel fuzzy linear regression framework using symmetric and asymmetric trapezoidal fuzzy numbers for determining the relationship of particular (non-) policy factors with the house prices. An interviewing questionnaire survey was conducted for collecting real data for the city of Shanghai to illustrate our theoretical treatment.

Keywords: House prices; Bid-Ask spread; Fuzzy linear regression; Trapezoidal fuzzy numbers (search for similar items in EconPapers)
JEL-codes: C31 C52 R31 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:40:y:2021:i:c:s1544612320309697

DOI: 10.1016/j.frl.2020.101720

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