IDEAS home Printed from https://ideas.repec.org/a/emx/esteco/v29y2014i1p57-84.html
   My bibliography  Save this article

Housing prices and submarkets in Mexico City: a hedonic assessment

Author

Listed:
  • Jaime Sobrino

    (El Colegio de Mexico)

Abstract

The objective of this paper is to explore the role of some quantitative variables in explaining housing prices, and how these variables can be used for the spatial delimitation of housing submarkets. The methodological strategy incorporates issues from the spatial economic theory, and an econometric model of hedonic prices to analyze the main characteristics of housing demand in Mexico City. Housing submarkets are delimited by using a statistical multivariate tool, two-step, log likelihood cluster analysis, in terms of intra-urban relative house differentials. The models are estimated using cross-sectional data from the 2010 micro-data of Mexico's National Survey of the Households' Incomes and Expenditures.

Suggested Citation

  • Jaime Sobrino, 2014. "Housing prices and submarkets in Mexico City: a hedonic assessment," Estudios Económicos, El Colegio de México, Centro de Estudios Económicos, vol. 29(1), pages 57-84.
    • Handle: RePEc:emx:esteco:v:29:y:2014:i:1:p:57-84
    as

    Download full text from publisher

    File URL: https://estudioseconomicos.colmex.mx/index.php/economicos/article/view/74/75
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Davor Kunovac & Karlo Kotarac, 2019. "Residential Property Prices in Croatia," Surveys 37, The Croatian National Bank, Croatia.
    2. Erick Guerra & Shengxiao Li & Ariadna Reyes, 2022. "How do low-income commuters get to work in US and Mexican cities? A comparative empirical assessment," Urban Studies, Urban Studies Journal Limited, vol. 59(1), pages 75-96, January.
    3. Estebania Teyeliz Martínez-Jiménez & Julie Le Gallo & Enrique Pérez-Campuzano & Alonso Aguilar Ibarra, 2022. "The effects of land price in the peri-urban fringe of Mexico City: Environmental amenities for informal land parcel purchasers," Urban Studies, Urban Studies Journal Limited, vol. 59(1), pages 222-241, January.
    4. Monkkonen, Paavo, 2016. "Where do Property Rights Matter More? Explaining the Variation in Demand for Property Titles across Cities in Mexico," World Development, Elsevier, vol. 88(C), pages 67-78.

    More about this item

    Keywords

    Mexico City; urban housing market; housing units; housing submarkets; hedonic models of housing prices.;
    All these keywords.

    JEL classification:

    • R14 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Land Use Patterns
    • R21 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Housing Demand
    • R23 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Regional Migration; Regional Labor Markets; Population
    • R31 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Housing Supply and Markets

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:emx:esteco:v:29:y:2014:i:1:p:57-84. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ximena Varela (email available below). General contact details of provider: https://edirc.repec.org/data/cecolmx.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.