Economics, Econometrics and Finance
2 years ago

Location, size, and distance: Key factors driving real estate prices in Hanoi

International Journal of Statistics and Applied Mathematics
Approach to hedonic model and analyzing factors affecting real estate prices in Hanoi
Nguyen Hong Nhat, Phung Duy Quang

Paper Summary

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The study looked at what factors influence real estate prices in Hanoi. They used a model called The Hedonic model to analyze 240 observations. The most important factors affecting real estate prices were the property's location, land area, house size, distance to the city center, and distance to the street.