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Determinantes del precio de la vivienda en Santiago: Una estimación hedónica

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  • Eugenio Figueroa
  • George Lever

Abstract

Siguiendo la tradición de una extensa literatura de la economía urbana, desarrollada a partir de la base teórica propuesta por Rosen (1974), aquí se utiliza un modelo de precios hedónicos para analizar la determinación del precio de la vivienda (casas) en el mercado de Santiago. La estimación empírica del modelo permite explicar sobre el 70 por ciento de la varianza del precio de mercado de las casas. Las ocho variables explicativas resultan ser altamente significativas. Corresponden a algunas inherentes a la vivienda misma, a otras propias de su vecindario, a una relacionada a su localización dentro de la ciudad, y a una última relativa al zoning del Plano Regulador de Santiago. También se discuten algunos aspectos metodológicos. Finalmente, se presentan predicciones de precios de mercado para dos tipos de viviendas de interés, las que se sensibilizan por calidad del vecindario.

Suggested Citation

  • Eugenio Figueroa & George Lever, 1992. "Determinantes del precio de la vivienda en Santiago: Una estimación hedónica," Estudios de Economia, University of Chile, Department of Economics, vol. 19(1 Year 19), pages 67-84, June.
    • Handle: RePEc:udc:esteco:v:19:y:1992:i:1:p:67-84
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    References listed on IDEAS

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    1. David L. Chicoine, 1981. "Farmland Values at the Urban Fringe: An Analysis of Sale Prices," Land Economics, University of Wisconsin Press, vol. 57(3), pages 353-362.
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    1. J. Felipe Córdova & Alejandra Cruces & Sergio Díaz, 2023. "Precios y Holgura en el Mercado de Arriendo: Análisis de Avisos Listados," Working Papers Central Bank of Chile 988, Central Bank of Chile.
    2. Contreras, Víctor & Garay, Urbi & Santos, Miguel Angel & Betancourt, Cosme, 2014. "Expropriation risk and housing prices: Evidence from an emerging market," Journal of Business Research, Elsevier, vol. 67(5), pages 935-942.
    3. Eric Parrado H. / & Paulo Cox P. & Marcelo Fuenzalida C., 2009. "Evolution of Housing Prices in Chile," Journal Economía Chilena (The Chilean Economy), Central Bank of Chile, vol. 12(1), pages 51-68, April.
    4. Lozano Navarro, Francisco-Javier, 2021. "Análisis de la concentración de mercado en la actividad inmobiliaria de Santiago [Market concentration of real estate in Santiago]," MPRA Paper 118262, University Library of Munich, Germany.
    5. Víctor Iturra & Dusan Paredes, 2014. "Construction of a Spatial Housing Price Index by Estimating an Almost Ideal Demand System," Tijdschrift voor Economische en Sociale Geografie, Royal Dutch Geographical Society KNAG, vol. 105(3), pages 301-314, July.
    6. Lozano Navarro, Francisco-Javier & Idrovo Aguirre, Byron, 2023. "Shocks regulatorios al mercado inmobiliario de Chile: ¿Cuánto del IVA a la vivienda se transfiere a precio de venta? [Regulatory shocks to housing market: How much of the Chilean VAT on housing sal," MPRA Paper 120017, University Library of Munich, Germany.
    7. Idrovo Aguirre, Byron & Lennon S., Joaquín, 2011. "Indice de Precios de Viviendas Nuevas para el Gran Santiago [Hedonic pricing models to calculate price indexes for new houses in the Santiago province]," MPRA Paper 31400, University Library of Munich, Germany, revised 28 Jan 2011.
    8. Lozano Navarro, Francisco-Javier, 2015. "Elasticidad precio de la oferta inmobiliaria en el Gran Santiago [Housing supply elasticity in Greater Santiago]," MPRA Paper 65012, University Library of Munich, Germany.
    9. Quiroga, Bernardo F., 2005. "Precios hedónicos para valoración de atributos de viviendas sociales en la Región Metropolitana de Santiago," MPRA Paper 378, University Library of Munich, Germany.

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    Keywords

    Precio vivienda; Santiago.;

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