International Conference On "scientific Cooperation For The Future Of Thessaloniki In Economics And Administrative Sciences"
Prediction Of The Hedonic Valuation Model In The Housing Markets: An Example Of The Ankara Canyon Area
Yayıncı:
Uşak Üniversitesi
Disiplin:
Methodology of the Social Sciences
Konu:
Methodology of the Social Sciences
The supply and demand changes that determine the competitive conditions of real estate also directly reflect the real estate values.In the real estate market, especially in the housing supply and demand changes have a significant impact on economic growth.The tracking of this change in real estate values and the determination of the economic factors that cause the change is possible through objective evaluation studies, and a number of statistical models have been developed, such as the hedonic evaluation model, to facilitate the processes of valuation in academic and commercial studies.For example, the forecast of the hedonic valuation model in the housing markets, the contribution it provides and the related topics were analyzed with the help of the hedonic regression model developed for the area of Ankara, and the margin effect on the value of the characteristic characteristics that houses possess using the hedonic valuation model, the structural, environmental and local factors that influence the value in the housing markets were identified.The predictive performance and functioning of the hedonic regression models developed in the example event analysis was compared with the use of the carlo method, a model simulation technique, and the most suitable alternative model in the estimate of the housing sales value was determined as the step-by-step regression model.In contrast to increasing the model’s descriptive power, the result was that structural characteristics had a higher rate (46%) of impact on value compared to environmental and local characteristics.Keywords: hedonic assessment, housing market, model forecast, assembly carlo simulation gel classification: c10, r31, c13, c15