Determinants of the price of housing in the province of Alicante (Spain): Analysis using quantile regression

After almost a decade of crisis, the housing market in Spain shows significant signs of recovery, with increases in both the average price and the number of sales transactions. Housing is the main asset for the majority of households, and it also has the most resources devoted to it, thus, when it c...

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Autores: Mora García, Raúl Tomás, Céspedes López, María Francisca, Pérez Sánchez, Vicente Raúl, Martí Ciriquián, Pablo, Pérez Sánchez, Juan Carlos
Tipo de recurso: artículo
Fecha de publicación:2019
País:España
Institución:Consejo General de la Arquitectura Técnica de España (CGATE)
Repositorio:RIARTE
OAI Identifier:oai:www.riarte.es:20.500.12251/1571
Acceso en línea:http://hdl.handle.net/20.500.12251/1571
https://doi.org/10.3390/su11020437
Access Level:acceso abierto
Palabra clave:Mercado Inmobiliario
Precio de venta
Alicante
Vivienda de segunda mano
Análisis de mercado
3305.14 Viviendas
5311.06 Estudio de Mercado
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spelling Determinants of the price of housing in the province of Alicante (Spain): Analysis using quantile regressionMora García, Raúl TomásCéspedes López, María FranciscaPérez Sánchez, Vicente RaúlMartí Ciriquián, PabloPérez Sánchez, Juan CarlosMercado InmobiliarioPrecio de ventaAlicanteVivienda de segunda manoAnálisis de mercado3305.14 Viviendas5311.06 Estudio de MercadoAfter almost a decade of crisis, the housing market in Spain shows significant signs of recovery, with increases in both the average price and the number of sales transactions. Housing is the main asset for the majority of households, and it also has the most resources devoted to it, thus, when it comes to buying a residence, people do not only look at the asset's intrinsic characteristics, but also consider other particularities such as the neighbourhood, accessibility to services, availability of public transport or adequate funding. The study aimed to analyse and quantify the relationship that exists between the asking price of second-hand housing on the market in Alicante and the attributes that characterise them. This was done using a multivariate analysis to estimate a hedonic pricing model by ordinary least squares and a quantile regression to analyse the impact of the characteristics in different price ranges. The results show the segmentation of the prices in the Alicante market, with higher prices in the northern coastal area over the southern and inland comarcas. © 2019 by the authors.MDPI AG2019info:eu-repo/semantics/articlehttp://hdl.handle.net/20.500.12251/1571https://doi.org/10.3390/su11020437reponame:RIARTEinstname:Consejo General de la Arquitectura Técnica de España (CGATE)Ingléshttp://creativecommons.org/licenses/by-nc-nd/4.0/info:eu-repo/semantics/openAccessoai:www.riarte.es:20.500.12251/15712026-06-02T12:44:41Z
dc.title.none.fl_str_mv Determinants of the price of housing in the province of Alicante (Spain): Analysis using quantile regression
title Determinants of the price of housing in the province of Alicante (Spain): Analysis using quantile regression
spellingShingle Determinants of the price of housing in the province of Alicante (Spain): Analysis using quantile regression
Mora García, Raúl Tomás
Mercado Inmobiliario
Precio de venta
Alicante
Vivienda de segunda mano
Análisis de mercado
3305.14 Viviendas
5311.06 Estudio de Mercado
title_short Determinants of the price of housing in the province of Alicante (Spain): Analysis using quantile regression
title_full Determinants of the price of housing in the province of Alicante (Spain): Analysis using quantile regression
title_fullStr Determinants of the price of housing in the province of Alicante (Spain): Analysis using quantile regression
title_full_unstemmed Determinants of the price of housing in the province of Alicante (Spain): Analysis using quantile regression
title_sort Determinants of the price of housing in the province of Alicante (Spain): Analysis using quantile regression
dc.creator.none.fl_str_mv Mora García, Raúl Tomás
Céspedes López, María Francisca
Pérez Sánchez, Vicente Raúl
Martí Ciriquián, Pablo
Pérez Sánchez, Juan Carlos
author Mora García, Raúl Tomás
author_facet Mora García, Raúl Tomás
Céspedes López, María Francisca
Pérez Sánchez, Vicente Raúl
Martí Ciriquián, Pablo
Pérez Sánchez, Juan Carlos
author_role author
author2 Céspedes López, María Francisca
Pérez Sánchez, Vicente Raúl
Martí Ciriquián, Pablo
Pérez Sánchez, Juan Carlos
author2_role author
author
author
author
dc.subject.none.fl_str_mv Mercado Inmobiliario
Precio de venta
Alicante
Vivienda de segunda mano
Análisis de mercado
3305.14 Viviendas
5311.06 Estudio de Mercado
topic Mercado Inmobiliario
Precio de venta
Alicante
Vivienda de segunda mano
Análisis de mercado
3305.14 Viviendas
5311.06 Estudio de Mercado
description After almost a decade of crisis, the housing market in Spain shows significant signs of recovery, with increases in both the average price and the number of sales transactions. Housing is the main asset for the majority of households, and it also has the most resources devoted to it, thus, when it comes to buying a residence, people do not only look at the asset's intrinsic characteristics, but also consider other particularities such as the neighbourhood, accessibility to services, availability of public transport or adequate funding. The study aimed to analyse and quantify the relationship that exists between the asking price of second-hand housing on the market in Alicante and the attributes that characterise them. This was done using a multivariate analysis to estimate a hedonic pricing model by ordinary least squares and a quantile regression to analyse the impact of the characteristics in different price ranges. The results show the segmentation of the prices in the Alicante market, with higher prices in the northern coastal area over the southern and inland comarcas. © 2019 by the authors.
publishDate 2019
dc.date.none.fl_str_mv 2019
dc.type.none.fl_str_mv info:eu-repo/semantics/article
format article
dc.identifier.none.fl_str_mv http://hdl.handle.net/20.500.12251/1571
https://doi.org/10.3390/su11020437
url http://hdl.handle.net/20.500.12251/1571
https://doi.org/10.3390/su11020437
dc.language.none.fl_str_mv Inglés
language_invalid_str_mv Inglés
dc.rights.none.fl_str_mv http://creativecommons.org/licenses/by-nc-nd/4.0/
info:eu-repo/semantics/openAccess
rights_invalid_str_mv http://creativecommons.org/licenses/by-nc-nd/4.0/
eu_rights_str_mv openAccess
dc.publisher.none.fl_str_mv MDPI AG
publisher.none.fl_str_mv MDPI AG
dc.source.none.fl_str_mv reponame:RIARTE
instname:Consejo General de la Arquitectura Técnica de España (CGATE)
instname_str Consejo General de la Arquitectura Técnica de España (CGATE)
reponame_str RIARTE
collection RIARTE
repository.name.fl_str_mv
repository.mail.fl_str_mv
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score 15.301629

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