A statistical model for valuation of residential property in the Nelson Mandela Metropolitan area

Title: A statistical model for valuation of residential property in the Nelson Mandela Metropolitan area
Creator: Van der Byl, Calven
Subject: Residential real estate -- Port Elizabeth
Subject: Housing -- Port Elizabeth
Date Issued: 2012
Date: 2012
Type: Thesis
Type: Masters
Type: MCom
Identifier: vital:9347
Identifier: http://hdl.handle.net/10948/d1020045
Description: This study applies a process of correlation analysis and hedonic based modelling to investigate the influence of housing attributes and date of sale on transaction prices for residential real estate in the Nelson Mandela Metropole area. Availability of reliable data is a challenge in real estate studies in South Africa. This study integrates several publicly available resources for the purposes of constructing a statistical model. A model is constructed based on a forward variable selection routine using selection criteria. The resulting model shows six highly significant variables that can be used for modelling purposes. The resulting model is used to make comparisons in the value of the geographical location.
Format: iv, 83 leaves
Format: pdf
Publisher: Nelson Mandela Metropolitan University
Publisher: Faculty of Business and Economic Sciences
Language: English
Rights: Nelson Mandela Metropolitan University

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NMMU School of Management Sciences

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