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  • Revista de la Construcción. Journal of Construction
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  • Pontificia Universidad Católica de Chile
  • Revista de la Construcción. Journal of Construction
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Sale price classification models for real estate appraisal

english

Author
Kuru, Merve

Erdem, Onur Yiğit

Calis, Gulben

Full text
http://revistadelaconstruccion.uc.cl/index.php/RDLC/article/view/27175
10.7764/RDLC.20.3.440
Abstract
This study aims to determine the parameters that are effective on sale prices and to obtain the functions that determine the appropriate sale price ranges of real estates. In this context, a total of 138 real estates, which are located in Bayraklı district of Izmir, Turkey and that were for sale between April and June 2019, were investigated. The effects of 17 parameters on the sale price of the real estates were examined through statistical analysis. Thirteen parameters that have been determined to be effective have been used in developing the distinctive functions that decide the sale price ranges of real estates. The results show that parameters such as real estate’s area, age, furniture status, central heating system, playground, pool and gym are statistically significant on the sale price of the real estates. In addition, the functions obtained by using these parameters classified 78.3% of real estate sale prices in the correct range.
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Discipline
Artes, Arquitectura y UrbanismoCiencias Agrarias, Forestales y VeterinariasCiencias Exactas y NaturalesCiencias SocialesDerechoEconomía y AdministraciónFilosofía y HumanidadesIngenieríaMedicinaMultidisciplinarias
Institutions
Universidad de ChileUniversidad Católica de ChileUniversidad de Santiago de ChileUniversidad de ConcepciónUniversidad Austral de ChileUniversidad Católica de ValparaísoUniversidad del Bio BioUniversidad de ValparaísoUniversidad Católica del Nortemore

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