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Determinants of House Prices in Turkey : A Hedonic Regression Model = Türkiye'de Konut Fiyatlarının Belirleyicileri : Hedonik Regresyon Modeli

Author(s): Sibel SELİM

Journal: Dogus University Journal
ISSN 1302-6739

Volume: 9;
Issue: 1;
Start page: 65;
Date: 2008;
Original page

Keywords: House price | Hedonic regression model | Turkey | Konut fiyatı | Hedonik regresyon model | Türkiye

In real estate valuation and house market research, house prices and rental value are generally analyzed by hedonic model based on micro economic theory. Hedonic model examines the effect of characteristics of goods on their prices. Factors that determine the house prices in Turkey are analyzed in this paper using 2004 Household Budget Survey Data. The most important variables that affect house rents are type of house, type of building, number of rooms, size, and other structural characteristics such as water system, pool, natural gas.
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