Change search
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • harvard1
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf
What location attributes are the most important for market value?: extraction of attributes from regression models
Donetsk National Technical University, Donetsk, Ukraine.
2007 (English)In: Property Management, ISSN 0263-7472, E-ISSN 1758-731X, ISSN 0263-7472, Vol. 25, no 3, 257-286 p.Article in journal (Refereed) Published
Abstract [en]

Purpose - The purpose of this paper is to extract the location attributes, which are the most important for market value of real estate in countries with well-developed markets. Design/methodology/approach - In this paper meta-analysis is applied for extraction of location attributes and the weights of their importance. The outcomes of existing regression models created in different countries mainly with a developed real estate market are used. A total of 81 models described in 39 sources are analysed. Findings - The paper finds that the lists of statistically significant location attributes, which influence market value, are obtained for different real estate types. The weights of attributes' relative influence are compared, where possible. Research limitations/implications - In the paper meta-analysis is also applied for a limited number of empirical studies. However, for land and residential real estate the number of sources is sufficient to make a substantiated conclusion. The application of the outlined location attributes is a subject for future research. Practical implications - The paper shows that the lists of important location attributes can be used for practical specification of the valuation models for urban land and other real estate in countries where the market is underdeveloped, to increase the degree of objectivity and market orientation. Originality/value - The paper is one of the few studies which synthesize the findings of existing regression models with respect to location attributes generally. The method of weights' estimation is original. The result of the paper has practical value for real estate valuation in countries with an underdeveloped market.

Place, publisher, year, edition, pages
2007. Vol. 25, no 3, 257-286 p.
Keyword [en]
Assessment, Land, Regression analysis
National Category
Other Civil Engineering
Identifiers
URN: urn:nbn:se:kth:diva-6632DOI: 10.1108/02637470710753639Scopus ID: 2-s2.0-34250741331OAI: oai:DiVA.org:kth-6632DiVA: diva2:11392
Note

QC 201009906

Available from: 2006-12-15 Created: 2006-12-15 Last updated: 2017-12-14Bibliographically approved
In thesis
1. Mass valuation of urban land in Ukraine: from normative to a market-based approach
Open this publication in new window or tab >>Mass valuation of urban land in Ukraine: from normative to a market-based approach
2006 (English)Doctoral thesis, comprehensive summary (Other scientific)
Place, publisher, year, edition, pages
Stockholm: KTH, 2006. 21 p.
Series
Meddelande: Institutionen för infrastruktur, Fastighetsteknik, ISSN 0348-9469 ; 4:97
Keyword
land assessment, location attribute, expert valuation, regression, apartment prices, GIS
National Category
Other Civil Engineering
Identifiers
urn:nbn:se:kth:diva-4235 (URN)978-91-7178-547-3 (ISBN)
Public defence
2006-12-18, F4136 Sem, KTH, Lindstedtsvägen 26, Stockholm, 15:10
Opponent
Supervisors
Note
QC 20100906Available from: 2006-12-15 Created: 2006-12-15 Last updated: 2010-09-06Bibliographically approved

Open Access in DiVA

No full text

Other links

Publisher's full textScopus

Search in DiVA

By author/editor
Kryvobokov, Marko
In the same journal
Property Management
Other Civil Engineering

Search outside of DiVA

GoogleGoogle Scholar

doi
urn-nbn

Altmetric score

doi
urn-nbn
Total: 106 hits
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • harvard1
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf