<abstract xmlns="http://www.w3.org/1999/xhtml"><p>This paper discusses one of the property valuation methods, i.e. property valuation using the hedonic price method, which makes use of a classical linear regression model. The study characterises the calculation procedure of the selected method and indicates the fields of application of the hedonic approach in the construction sector. The operation of the hedonic price method is presented based on a valuation of flats in Lublin.</p></abstract>

This paper discusses one of the property valuation methods, i.e. property valuation using the hedonic price method, which makes use of a classical linear regression model. The study characterises the calculation procedure of the selected method and indicates the fields of application of the hedonic approach in the construction sector. The operation of the hedonic price method is presented based on a valuation of flats in Lublin.

Property Valuation using Hedonic Price Method – Procedure and its Application

Institute Construction and Transportation Engineering and Management, Faculty of Civil Engineering

Technical Transactions

This work is licensed under the Creative Commons Attribution-ShareAlike 4.0 Public License.

This paper discusses one of the property valuation methods, i.e. property valuation using the hedonic price method, which makes use of a classical linear...

Property Valuation using Hedonic Price Method – Procedure and its Application

Published Online: May 26, 2020

Page range: 59 - 70

DOI: https://doi.org/10.4467/2353737XCT.17.087.6563

Keywords
property, property valuation, hedonic price method, classical linear regression model, hedonic regression

© 2020 Stanisław Belniak et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-ShareAlike 4.0 Public License.

Property Valuation using Hedonic Price Method – Procedure and its Application

Published Online: May 26, 2020

Page range: 59 - 70

DOI: https://doi.org/10.4467/2353737XCT.17.087.6563

Keywordsproperty, property valuation, hedonic price method, classical linear regression model, hedonic regression

© 2020 Stanisław Belniak et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-ShareAlike 4.0 Public License.

Keywords
property, property valuation, hedonic price method, classical linear regression model, hedonic regression