REICHEL, Vlastimil and Petr ZIMČÍK. Determinants of real estate prices in the statutory city of Brno. Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis. 2018, vol. 66, No 4, p. 991-999. ISSN 1211-8516.
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Basic information
Original name Determinants of real estate prices in the statutory city of Brno
Authors REICHEL, Vlastimil (203 Czech Republic, guarantor, belonging to the institution) and Petr ZIMČÍK (203 Czech Republic, belonging to the institution).
Edition Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, 2018, 1211-8516.
Other information
Original language English
Type of outcome Article in a journal
Field of Study 50201 Economic Theory
Country of publisher Czech Republic
Confidentiality degree is not subject to a state or trade secret
RIV identification code RIV/00216224:14560/18:00103541
Organization unit Faculty of Economics and Administration
Keywords in English hedonic price model; price determinants; real estate market
Tags International impact, Reviewed
Changed by Changed by: Mgr. Pavlína Kurková, učo 368752. Changed: 12/12/2022 13:01.
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.
MUNI/A/0966/2017, interní kód MUName: Nekonvenční monetární politika a instituce trhu práce pohledem dynamických stochastických modelů všeobecné rovnováhy (Acronym: Nekonvenční monetární politika)
Investor: Masaryk University, Category A
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