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Valuación de las características de las viviendas sujetas a financiamiento público: el caso del área metropolitana de Monterrey
[Valuing characteristics of houses subject to public financing: the case of the metropolitan area of Monterrey]

Author

Listed:
  • Arteaga, Julio Cesar
  • Lopez, Humberto

Abstract

Reforms to the Mexican Social Security System in 1997 have risen acquisitions of houses using loans granted by Infonavit. The objective of this paper is to determine how attributes of houses with possibilities of being financed by Infonavit are valued. This paper uses the hedonic price methodology to information of residences in the metropolitan area of Monterrey. It is interesting to observe that, for this type of homes, although a third bedroom is highly valued, an additional bathroom is not. On the other hand, evidence shows that an urban development plan including construction of houses, shopping malls and medical centers would increase value of homes in vicinity where a small demand would be otherwise.

Suggested Citation

  • Arteaga, Julio Cesar & Lopez, Humberto, 2009. "Valuación de las características de las viviendas sujetas a financiamiento público: el caso del área metropolitana de Monterrey [Valuing characteristics of houses subject to public financing: the c," MPRA Paper 33272, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:33272
    as

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    References listed on IDEAS

    as
    1. Linneman, Peter, 1980. "Some empirical results on the nature of the hedonic price function for the urban housing market," Journal of Urban Economics, Elsevier, vol. 8(1), pages 47-68, July.
    2. David E. Clark & William E. Herrin, 2000. "The Impact of Public School Attributes on Home Sale Prices in California," Growth and Change, Wiley Blackwell, vol. 31(3), pages 385-407.
    3. Jean-Daniel Saphores & Ismael Aguilar-Benitez, 2005. "Smelly local polluters and residential property values: A hedonic analysis of four Orange County (California) cities," Estudios Económicos, El Colegio de México, Centro de Estudios Económicos, vol. 20(2), pages 197-218.
    4. Palmquist, Raymond B, 1984. "Estimating the Demand for the Characteristics of Housing," The Review of Economics and Statistics, MIT Press, vol. 66(3), pages 394-404, August.
    5. Richard V. Butler, 1982. "The Specification of Hedonic Indexes for Urban Housing," Land Economics, University of Wisconsin Press, vol. 58(1), pages 96-108.
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    More about this item

    Keywords

    Precios hedónicos; Seguridad Social; Viviendas;
    All these keywords.

    JEL classification:

    • D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis
    • L74 - Industrial Organization - - Industry Studies: Primary Products and Construction - - - Construction
    • R21 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Housing Demand

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