Study of Effecting Factors on Housing Price by Hedonic Model A Case Study of the Ninth District of Mashhad City

摘要

In this paper, an investigation of the housing price in ninth district of Mashhad was presented. We applied a descriptive and analytical method for calculations. That is called Hedonic Model. We used 10 variables that covered the physical factors and access position. The results of 516 cases by software Eviews in version 3.1 indicated that 7 of 10 variable coefficients had a significant error about 5%. Also, the 3 variables of ground area and the distance of shopping centers and number of bedroom are no statistically significant, so these are not used in the final estimate. The structural that used for estimate of housing prices by Hedonic model with a logarithmic function. The researches indicate that the area of infrastructure in housing units and the number of floors are important factors for increasing housing price in Mashhad, so that for increasing in each 1% for the area infrastructure and number of bedrooms changed the housing prices about 0.9 and 0.0083 respectively. The factors of decreasing in housing price included age of construction, number of floors, distance of training center, parks and etc.