Hedonic methodologies in the real estate valuation

• Autor(es): Teixeira, M.C.C. ; Caridad, J.M. ; Ceular, N.
• Data: 2010
• Identificador Persistente: http://hdl.handle.net/10400.11/412
• Origem: Repositório Científico do Instituto Politécnico de Castelo Branco
• Assunto(s): Market value; real estate; hedonic models
• Tipo de Documento: Documento de conferência
• Idioma: Inglês

Descrição

Comunicação apresentada no MME2010, que decorreu de 21 a 24 de Outubro de 2010, em Cimbra. Several models have been used to estimate the market value of real estate properties, with the aim of obtaining better measures of the price of transaction than the official figures calculated for fiscal purposes. Hedonic models are well known techniques for estimating values of complex goods, as a house. Here they are focused on flats and apartments sold between 2005 and 2009 in a medium size portuguese city; sample data have been collected in collaboration with real estate agents, both for new and non-new houses, using transaction prices. Several internal and external characteristics of each property are included in the models, and the methodology can be extended to other cities alike in the country.