A Decomposition approach for Assessing Land Leverage and Depreciation Rate on the Real Estate Market – Evidence from Warsaw Poland
نویسندگان
چکیده
ABSTRACT Most property valuation research concerns entire properties consisting of land and structures. However, different features capital as factors production determine patterns shaping their value impact on the total price real estate. In this article hedonic decomposition model, which controls for differences in housing quality, is applied to decompose an apartment into structure components. The depreciation rate was calculated taken account properly isolate dynamics over time. This allowed us compare house index with structure. empirical analysis carried out data city Warsaw.
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ژورنال
عنوان ژورنال: Real Estate Management and Valuation
سال: 2023
ISSN: ['2300-5289']
DOI: https://doi.org/10.2478/remav-2023-0006