Open AccessHEDONIC PRICING AT NOVOSIBIRSK HOUSING MODERN MARKET
Author(s) -
Yuri Kazantsev
Publication year - 2020
Publication title -
interèkspo geo-sibirʹ
Language(s) - English
Resource type - Journals
ISSN - 2618-981X
DOI - 10.33764/2618-981x-2020-3-1-75-80
Subject(s) - hedonic pricing , real estate , recreation , novelty , context (archaeology) , margin (machine learning) , stock (firearms) , hedonic index , economics , business , financial economics , econometrics , price index , computer science , finance , geography , philosophy , theology , archaeology , machine learning , political science , law
The paper is aimed at searching a hedonic margin on housing in the city of Novosibirsk. Hedonic pricing confirms the price difference of residential properties in the context of a large list of matches. The methodology that has been proven in foreign studies is used to identify the causes of price differences, however, in this study we observe a traditional Soviet housing stock that is not competitive in modern urban planning. Usually the hedonic margin refers to the environmental or recreational characteristics of the area; thisstudy is more a tendency to the second option. It seems to be a novelty to reduce the complex of parameters of hedonic pricing to one key factor. The main problems of mathematical modeling of the hedonic behavior of the buyer in the real estate market in Novosibirsk are identified. The results are comparable with similar data from foreign colleagues.