Estimation Of Hedonic Price Function For Khoramabad Urbun Housing

اقتصاد پولی مالی

Article 14, Volume 17, Issue 33, January 2011   

Document Type: پژوهشی

DOI: 10.22067/pm.v17i33.27321

Author

Masoud Saadatmehr^*

Abstract

In Present paper, housing has been considered as a multidimensional and heterogeneous item. Its characteristics has been considered as key elements in determination of unit price of each building unit. The aim of the Present paper is to determine the degree of importance which each charactericstics of housing has for users. There fore, hedonic price function of urbun housing in Khoramabad estimated. The result showed that area of land, social security of rigonal, skeleton, building facet , lane or street width, distance from city center, parking have positive and significant influence and age of building, number of room have negative and significant influence on housing price in Khoramabad. The results also showed that social security, in the preferences of the users, lane or street width are ranked as first to third priorities. distance from city center, skeleton and building facet are intermediate priorities. The number of room, parking and age of building are in bottom of list of priorities for users.

Keywords

Housing; Hedonic price; Khoramabad