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@article{1430936,
author = {Reichel, Vlastimil and Zimčík, Petr},
article_number = {4},
keywords = {hedonic price model; price determinants; real estate market},
language = {eng},
issn = {1211-8516},
journal = {Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis},
title = {Determinants of real estate prices in the statutory city of Brno},
url = {https://acta.mendelu.cz/66/4/0991/},
volume = {66},
year = {2018}
}
TY - JOUR
ID - 1430936
AU - Reichel, Vlastimil - Zimčík, Petr
PY - 2018
TI - Determinants of real estate prices in the statutory city of Brno
JF - Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis
VL - 66
IS - 4
SP - 991-999
EP - 991-999
SN - 12118516
KW - hedonic price model
KW - price determinants
KW - real estate market
UR - https://acta.mendelu.cz/66/4/0991/
L2 - https://acta.mendelu.cz/66/4/0991/
N2 - The real estate market demand for both houses and flats has been growing recently. This trend is one of the factors, which are able to influence the price of real estate. Our paper introduces determinants of housing price and their influence on actual real estate prices in the statutory city of Brno. The aim of this paper is to present key determinants of house price and find the hedonic price model, which describes, how determinants affect house price best. Realized prices were analyzed for housing units located in different districts of Brno. Key determinants in this research are a year of sale, an area of flat in square meters, number of rooms, location in districts of Brno, type of masonry and reconstruction. The dataset covers the time period between years 2012 and 2015. Hedonic price model is estimated by the method of ordinary least square. Besides main aim, four assumptions were verified, which should determine the influence on the price of individual determinants in the statutory city of Brno.
ER -
REICHEL, Vlastimil and Petr ZIMČÍK. Determinants of real estate prices in the statutory city of Brno. \textit{Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis}. 2018, vol.~66, No~4, p.~991-999. ISSN~1211-8516.
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