Property Valuation using Hedonic Price Method – Procedure and its Application

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.