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Hedonic Analysis of Housing Sales Prices with Semiparametric Methods

Author

Listed:
  • Vincenzo Del Giudice

    (University of Naples Federico II, Naples, Italy)

  • Benedetto Manganelli

    (University of Basilicata, Potenza, Italy)

  • Pierfrancesco De Paola

    (University of Naples Federico II, Naples, Italy)

Abstract

This study estimates a hedonic price function using a semiparametric regression based on Penalized Spline Smoothing, and compares the price prediction performance with conventional parametric models. The excellent results obtained show that the semiparametric models allow to obtain a significant improvement in the prediction of housing sales prices.

Suggested Citation

  • Vincenzo Del Giudice & Benedetto Manganelli & Pierfrancesco De Paola, 2017. "Hedonic Analysis of Housing Sales Prices with Semiparametric Methods," International Journal of Agricultural and Environmental Information Systems (IJAEIS), IGI Global, vol. 8(2), pages 65-77, April.
    • Handle: RePEc:igg:jaeis0:v:8:y:2017:i:2:p:65-77
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    Citations

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    Cited by:

    1. Chien-Ming Yu & Pei-Fen Chen, 2018. "House Prices, Mortgage Rate, and Policy: Megadata Analysis in Taipei," Sustainability, MDPI, vol. 10(4), pages 1-23, March.
    2. Zyga Jacek, 2019. "Data Selection as the Basis for Better Value Modelling," Real Estate Management and Valuation, Sciendo, vol. 27(1), pages 25-34, March.
    3. Mahdieh Yazdani & Maziar Raissi, 2023. "Real Estate Property Valuation using Self-Supervised Vision Transformers," Papers 2302.00117, arXiv.org.
    4. Mahdieh Yazdani, 2021. "House Price Determinants and Market Segmentation in Boulder, Colorado: A Hedonic Price Approach," Papers 2108.02442, arXiv.org.
    5. Daikun Wang & Victor Jing Li, 2019. "Mass Appraisal Models of Real Estate in the 21st Century: A Systematic Literature Review," Sustainability, MDPI, vol. 11(24), pages 1-14, December.
    6. Mahdieh Yazdani, 2021. "Machine Learning, Deep Learning, and Hedonic Methods for Real Estate Price Prediction," Papers 2110.07151, arXiv.org.
    7. Daikun Wang & Victor Jing Li & Huayi Yu, 2020. "Mass Appraisal Modeling of Real Estate in Urban Centers by Geographically and Temporally Weighted Regression: A Case Study of Beijing’s Core Area," Land, MDPI, vol. 9(5), pages 1-18, May.
    8. Hugo Castro Noblejas & Pierfrancesco De Paola & Jesús Vías Martínez, 2023. "Landscape Value in the Spanish Costa del Sol’s Real Estate Market: The Case of Marbella," Land, MDPI, vol. 12(5), pages 1-16, April.
    9. Fabiana Forte & Valentina Antoniucci & Pierfrancesco De Paola, 2018. "Immigration and the Housing Market: The Case of Castel Volturno, in Campania Region, Italy," Sustainability, MDPI, vol. 10(2), pages 1-17, January.

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