Economics, Econometrics and Finance
4 years ago

Proximity to City Center Drives House Prices Down in Vietnam.

International Journal of Economics and Business Administration
The Hedonic Pricing Model Applied to the Housing Market
My-Linh

Paper Summary

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The article uses a pricing model to figure out how much houses in Vietnam cost. They looked at things like house size, location, and nearby amenities to see what affects the price. They found that houses closer to the city center cost less, while bigger houses with more bedrooms and nice surroundings cost more. This information can help people in Vietnam and other countries estimate house prices more accurately.