Housing prices and submarkets in Mexico City: a hedonic assessment

Jaime Sobrino
Additional contact information
Jaime Sobrino: El Colegio de Mexico

Estudios Económicos, 2014, vol. 29, issue 1, 57-84

Abstract: The objective of this paper is to explore the role of some quantitative variables in explaining housing prices, and how these variables can be used for the spatial delimitation of housing submarkets. The methodological strategy incorporates issues from the spatial economic theory, and an econometric model of hedonic prices to analyze the main characteristics of housing demand in Mexico City. Housing submarkets are delimited by using a statistical multivariate tool, two-step, log likelihood cluster analysis, in terms of intra-urban relative house differentials. The models are estimated using cross-sectional data from the 2010 micro-data of Mexico's National Survey of the Households' Incomes and Expenditures.

Keywords: Mexico City; urban housing market; housing units; housing submarkets; hedonic models of housing prices. (search for similar items in EconPapers)
JEL-codes: R14 R21 R23 R31 (search for similar items in EconPapers)
Date: 2014
References: Add references at CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
https://estudioseconomicos.colmex.mx/index.php/economicos/article/view/74/75 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:emx:esteco:v:29:y:2014:i:1:p:57-84

Access Statistics for this article

More articles in Estudios Económicos from El Colegio de México, Centro de Estudios Económicos Contact information at EDIRC.
Bibliographic data for series maintained by Ximena Varela ().