Technical condition of houses: a framework for the Czech market

Kód výsledku v 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>

Výsledek na webu

<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>

Jazyk výsledku

angličtina

Název v původním jazyce

Technical condition of houses: a framework for the Czech market

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

Technical condition of houses: a framework for the Czech market

Popis výsledku anglicky

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.

Druh

J_imp - Článek v periodiku v databázi Web of Science

CEP obor

—

OECD FORD obor

50702 - Urban studies (planning and development)

Projekt

—

Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2022

Kód důvěrnosti údajů

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

Název periodika

International Journal of Housing Markets and Analysis

ISSN

1753-8289

e-ISSN

—

Svazek periodika

1

Číslo periodika v rámci svazku

1

Stát vydavatele periodika

GB - Spojené království Velké Británie a Severního Irska

Počet stran výsledku

22

Strana od-do

1-2222

Kód UT WoS článku

000859096000001

EID výsledku v databázi Scopus

2-s2.0-85139050036