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The Investigation of The Factors Affecting on The Prices of Real Estates In Samsun via Hedonic Price Model

Author

Listed:
  • Hasan Bulut
  • Yüksel Öner
  • Ebrucan İslamoğlu

Abstract

The most important needs of people has been sheltering and feeding since the early ages. Today it has been made to different perspectives based on a budget satisfy the feeling of pleasure from these requirements. Beside the housing needs satisfied, housing property is also important. Certainly people both housing requests and features of the house are heterogeneous. Heterogeneous changes occurring in the price of good model to examine the factors which caused is called the hedonic pricing model. In this study, hedonistic price model explored for the factors that affect the price of housing in the province of Samsun. For this purpose, according to average family needs, 3+1 houses are examined. The data are taken from the advertising of Sahibinden.com website. Three central districts of Samsun (Canik, İlkadım Atakum) including advertisements in the study are selected by a stratified sampling method and the districts are taken as stratified. To provide benefits for daily life, the results obtained from the study are given with a MS Access programming application.

Suggested Citation

  • Hasan Bulut & Yüksel Öner & Ebrucan İslamoğlu, 2015. "The Investigation of The Factors Affecting on The Prices of Real Estates In Samsun via Hedonic Price Model," Alphanumeric Journal, Bahadir Fatih Yildirim, vol. 3(2), pages 121-130, December.
    • Handle: RePEc:anm:alpnmr:v:3:y:2015:i:2:p:121-130
    DOI: http://dx.doi.org/10.17093/aj.2015.3.2.5000146997
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    References listed on IDEAS

    as
    1. Rosen, Sherwin, 1974. "Hedonic Prices and Implicit Markets: Product Differentiation in Pure Competition," Journal of Political Economy, University of Chicago Press, vol. 82(1), pages 34-55, Jan.-Feb..
    2. Rustu YAYAR & Suleyman Serdar KARACA, 2014. "Konut Fiyatlarina Etki Eden Faktorlerin Hedonik Modelle Belirlenmesi: TR83 Bolgesi Ornegi," Ege Academic Review, Ege University Faculty of Economics and Administrative Sciences, vol. 14(4), pages 509-518.
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    More about this item

    Keywords

    Hedonic Price Model; Housing Markets; Housing Prices;
    All these keywords.

    JEL classification:

    • E30 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - General (includes Measurement and Data)

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