Technical condition of houses: a framework for the Czech market

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216305%3A26610%2F22%3APU145848" target="_blank" >RIV/00216305:26610/22:PU145848 - isvavai.cz</a>

Result on the web

<a href="https://www.scopus.com/record/display.uri?eid=2-s2.0-85139050036&origin=resultslist&sort=plf-f" target="_blank" >https://www.scopus.com/record/display.uri?eid=2-s2.0-85139050036&origin=resultslist&sort=plf-f</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.1108/IJHMA-07-2022-0106" target="_blank" >10.1108/IJHMA-07-2022-0106</a>

Result language

angličtina

Original language name

Technical condition of houses: a framework for the Czech market

Original language description

Purpose This study aims to provide a framework for assessing the technical condition of a house to determine its market value, including the identification of other price-setting factors and their statistical significance. Time on market (TOM) in relation to the technical condition of a house is also addressed. Design/methodology/approach The primary database contains 631 houses, and the initial asking price and selling price are examined. All the houses are located in the Brno-venkov district in the Czech Republic. Regression analysis was used to test the influence of price-setting factors. The standard ordinary least squares estimator and the maximum likelihood estimator were used in the frame of generalized linear models. Findings Using envelope components of houses separately, such as the facade condition, windows, roof, condition of interior and year of construction, brings better results than using a single factor for the technical condition. TOM was found to be 67 days lower for houses intended for demolition - as compared to new houses - and 18 days lower for houses to refurbishment. Originality/value To the best of the authors' knowledge, this paper is original in the substitution of specific price-setting factors for factors relating to the technical condition of houses as well as in proposing the framework for professionals in the Czech Republic.

Czech name

—

Czech description

—

Type

J_imp - Article in a specialist periodical, which is included in the Web of Science database

CEP classification

—

OECD FORD branch

50702 - Urban studies (planning and development)

Project

—

Continuities

S - Specificky vyzkum na vysokych skolach

Publication year

2022

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

International Journal of Housing Markets and Analysis

ISSN

1753-8289

e-ISSN

—

Volume of the periodical

1

Issue of the periodical within the volume

1

Country of publishing house

GB - UNITED KINGDOM

Number of pages

22

Pages from-to

1-2222

UT code for WoS article

000859096000001

EID of the result in the Scopus database

2-s2.0-85139050036