Econometric Modelling of Average Housing Prices in Local Markets and the Price Anchoring Effect

This paper employs the econometric models of relationships over time to evaluate the change in the unit prices of apartments on the local secondary markets in Warsaw and Szczecin, depending on various socioeconomic factors. Indicators reflecting the influence of socioeconomic aspects in these cities...

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Main Authors: Doszyń Mariusz, Kokot Sebastian
Format: Article
Language:English
Published: Sciendo 2024-09-01
Series:Real Estate Management and Valuation
Subjects:
Online Access:https://doi.org/10.2478/remav-2024-0029
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author Doszyń Mariusz
Kokot Sebastian
author_facet Doszyń Mariusz
Kokot Sebastian
author_sort Doszyń Mariusz
collection DOAJ
description This paper employs the econometric models of relationships over time to evaluate the change in the unit prices of apartments on the local secondary markets in Warsaw and Szczecin, depending on various socioeconomic factors. Indicators reflecting the influence of socioeconomic aspects in these cities and the lagged values of housing prices, acting as so-called anchors in this model, were used as the independent variables.
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institution Kabale University
issn 2300-5289
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publishDate 2024-09-01
publisher Sciendo
record_format Article
series Real Estate Management and Valuation
spelling doaj-art-e5e6d41e06144b32bb7e334a8ce79a2e2025-01-02T06:05:50ZengSciendoReal Estate Management and Valuation2300-52892024-09-0132311612610.2478/remav-2024-0029Econometric Modelling of Average Housing Prices in Local Markets and the Price Anchoring EffectDoszyń Mariusz0Kokot Sebastian11Faculty of Economics and Management, University of Szczecin, ul. Aleja Papieża Jana Pawła II 22A, 70-453Szczecin, Poland1Faculty of Economics and Management, University of Szczecin, ul. Aleja Papieża Jana Pawła II 22A, 70-453Szczecin, PolandThis paper employs the econometric models of relationships over time to evaluate the change in the unit prices of apartments on the local secondary markets in Warsaw and Szczecin, depending on various socioeconomic factors. Indicators reflecting the influence of socioeconomic aspects in these cities and the lagged values of housing prices, acting as so-called anchors in this model, were used as the independent variables.https://doi.org/10.2478/remav-2024-0029econometric models of housingpriceshousing marketprice anchoringpolandc50r20r21
spellingShingle Doszyń Mariusz
Kokot Sebastian
Econometric Modelling of Average Housing Prices in Local Markets and the Price Anchoring Effect
Real Estate Management and Valuation
econometric models of housing
prices
housing market
price anchoring
poland
c50
r20
r21
title Econometric Modelling of Average Housing Prices in Local Markets and the Price Anchoring Effect
title_full Econometric Modelling of Average Housing Prices in Local Markets and the Price Anchoring Effect
title_fullStr Econometric Modelling of Average Housing Prices in Local Markets and the Price Anchoring Effect
title_full_unstemmed Econometric Modelling of Average Housing Prices in Local Markets and the Price Anchoring Effect
title_short Econometric Modelling of Average Housing Prices in Local Markets and the Price Anchoring Effect
title_sort econometric modelling of average housing prices in local markets and the price anchoring effect
topic econometric models of housing
prices
housing market
price anchoring
poland
c50
r20
r21
url https://doi.org/10.2478/remav-2024-0029
work_keys_str_mv AT doszynmariusz econometricmodellingofaveragehousingpricesinlocalmarketsandthepriceanchoringeffect
AT kokotsebastian econometricmodellingofaveragehousingpricesinlocalmarketsandthepriceanchoringeffect