EconPapers    
Economics at your fingertips  
 

Hedonic price model for Warsaw housing market

Monika Bazyl ()

No 42, Working Papers from Department of Applied Econometrics, Warsaw School of Economics

Abstract: A hedonic price model has been constructed for Warsaw housing market using 2006 asking price data. Model parameters reveal a substantial influence of proximity to the metro station on flat prices. If there is a metro station within 1 km distance to a flat its price increases by 15% according to the estimated basic hedonic model. Also green areas have a positive impact on flat prices while industrial areas affect negatively flat prices. To account for spatial autocorrelation two types of spatial hedonic model were constructed: spatial autoregression model and spatial error model. Both proved that there is a significant spatial autocorrelation present in the basic hedonic model.

Keywords: hedonic price analysis; spatial model; housing; location (search for similar items in EconPapers)
JEL-codes: C21 Q51 R21 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-ure
Date: 2009-12-30
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed

Downloads: (external link)
http://kolegia.sgh.waw.pl/pl/KAE/struktura/IE/stru ... Papers/aewp08-09.pdf (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:wse:wpaper:42

Access Statistics for this paper

More papers in Working Papers from Department of Applied Econometrics, Warsaw School of Economics Contact information at EDIRC.
Bibliographic data for series maintained by Marcin Owczarczuk ().

 
Page updated 2019-10-17
Handle: RePEc:wse:wpaper:42