A Spatial-Temporal Analysis of the Factors Effective on Housing Prices (Case study: District 5 of Tehran Municipality)
2023
Zali, Saeed | Pahlavani, Parham | Bigdeli, Behnaz
In this study, the spatial-temporal distribution analysis of housing prices in District 5 of Tehran Municipality and the factors effective on it were investigated. To this end, the data related to housing buying and selling in this district in the years 2018, 2019, and 2020 were used to model the housing price. The results were obtained using GTWR method, which gave in a better measure compared to GWR and OLS methods. The adjusted coefficient of determination in OLS, GWR, and GTWR algorithms were found to be 0.759, 0.798, and 0.835, respectively. GTWR is a method that can model the spatial-temporal heterogeneities that exist in the housing price data. Based on the obtained results, the currency exchange rate (dollar to rial) has the highest effect on modeling housing prices. After that, the physical characteristics of housing – such as its footage and age – are important in modeling housing prices. Finally, the access rate to urban services – such as distance to hospitals, sports centers, educational centers, religious sites, green space, highways, and urban public transportation stations – can improve the modeling of housing prices. The findings of this study show that using dollar-to-rial exchange rate as the independent variable, we can model the housing price with a proper precision.
Show more [+] Less [-]Bibliographic information
This bibliographic record has been provided by University of Tehran
