Estimating residential real estate prices
The estimation of real estate prices in the Philippines whether it is for the purpose of taxation or marketing is not systematic. It is for this reason that this paper used Multiple Linear Regression Analysis and Factor Analysis to find an easier way of estimating real estate zonal values and transa...
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| Main Authors: | , |
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| Format: | text |
| Language: | English |
| Published: |
Animo Repository
2002
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| Online Access: | https://animorepository.dlsu.edu.ph/etd_bachelors/17226 |
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| Institution: | De La Salle University |
| Language: | English |
| Summary: | The estimation of real estate prices in the Philippines whether it is for the purpose of taxation or marketing is not systematic. It is for this reason that this paper used Multiple Linear Regression Analysis and Factor Analysis to find an easier way of estimating real estate zonal values and transaction prices using the demographics of the country. The estimated regression equation for the natural logarithm of zonal values of the ith real estate is: Ln(Zi) = -7.86759+1.8E-5GDP1+0.11739EMP1+0.06744UNDEREMP1+6.4249E-4SQMi and the estimated regression equation for the natural logarithm of transaction prices for the ith real estate is: Ln(Pi) =-3.70138+1.02635Ln(Zi)+6.38E-6POPi+3.1884E-4SQMi |
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