An Empirical Study on Price Determinants of the Primary Real Estate Market

Описание

Тип публикации: доклад, тезисы доклада, статья из сборника материалов конференций

Конференция: 6th Computational Methods in Systems and Software 2022: Data Science and Algorithms in Systems; Zlín, Czech Republic; Zlín, Czech Republic

Год издания: 2023

Идентификатор DOI: 10.1007/978-3-031-21438-7_47

Ключевые слова: real estate market, urban planning, residential development, hedonic pricing, price determinants, cluster analysis

Аннотация: The paper is devoted to the study of price determinant in the primary residential real estate market at the municipal level on the example of the residential real estate market in the city of Krasnoyarsk. This is one of the major economic centers of the East Siberian region of Russia. The authors show the applicability of the methoПоказать полностьюd of hedonic modeling of the price of a good to the analysis of the real estate market. The authors improve the analysis technique for econometric modeling of housing pricing factors in the selected region, considering territorial planning and clustering of data on the housing market. Among the housing price factors, the authors distinguish external and internal ones. The simulation results show that the internal factor of the construction material and the complex external factor of infrastructure availability have the greatest influence on the change in the price per square meter of primary housing.

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Издание

Журнал: CoMeSySo 2022: Data Science and Algorithms in Systems

Выпуск журнала: 597

Номера страниц: 587-599

Издатель: Springer Cham

Персоны

  • Rutskiy Vladislav (National Research University Higher School of Economics (HSE University))
  • Videnin Sergey (National Research University Higher School of Economics (HSE University))
  • Azizam Shahzool Hazimin (3Universiti Sultan Zainal Abidin)
  • Elkin Sergei (Institute of Economics of the Ural Branch of the Russian Academy of Sciences)
  • Vershinin Dmitrii (Siberian Federal University)
  • Kuzmich Roman (Siberian Federal University)
  • Danichev Aleksey (Siberian Federal University)
  • Karnaukhov Andrey (Reshetnev Siberian State University of Science and Technology)
  • Kapustina Svetlana (Siberian Federal University)
  • Tsarev Roman (V. A. Trapeznikov Institute of Control Sciences of Russian Academy of Sciences )

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