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Financial and Strategic Pricing Analysis in the Development Market Using an Econometric Model

Author

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  • Ainur A. Akhmetzianov
  • Andrew Y. Sokolov

Abstract

This article demonstrates the use of a financial and econometric model with dummy variables to calculate the average price in the real estate market. The average price is used in the model for calculating project effectiveness and allows you to evaluate the profitability of the project at the construction planning stage. The number of rooms, the presence of a balcony, the number of sides of the windows and the number of floors were used as independent variables. A model with these factors showed qualitative estimates and can be applied for the purpose of forecasting prices in standard projects in the Russian real estate market.

Suggested Citation

  • Ainur A. Akhmetzianov & Andrew Y. Sokolov, 2021. "Financial and Strategic Pricing Analysis in the Development Market Using an Econometric Model," International Journal of Financial Research, International Journal of Financial Research, Sciedu Press, vol. 12(1), pages 144-148, January.
    • Handle: RePEc:jfr:ijfr11:v:12:y:2021:i:1:p:144-148
    DOI: 10.5430/ijfr.v12n1p144
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    References listed on IDEAS

    as
    1. Ghysels, Eric & Plazzi, Alberto & Valkanov, Rossen & Torous, Walter, 2013. "Forecasting Real Estate Prices," Handbook of Economic Forecasting, in: G. Elliott & C. Granger & A. Timmermann (ed.), Handbook of Economic Forecasting, edition 1, volume 2, chapter 0, pages 509-580, Elsevier.
    2. Igor Semenenko & Junwook Yoo, 2019. "Climate Change and Real Estate Prices," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 11(11), pages 1-1, November.
    3. N. Kundan Kishor & Hardik A. Marfatia, 2017. "The Dynamic Relationship Between Housing Prices and the Macroeconomy: Evidence from OECD Countries," The Journal of Real Estate Finance and Economics, Springer, vol. 54(2), pages 237-268, February.
    4. Yehui Wang & Jianxu Liu & Yuxuan Tang & Songsak Sriboonchitta, 2020. "Housing Risk and Its Influence on House Price: An Expected Utility Approach," Mathematical Problems in Engineering, Hindawi, vol. 2020, pages 1-16, March.
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