A hedonic analysis of Finland's largest cities
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School of Business |
Bachelor's thesis
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Authors
Date
2017
Department
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Mcode
Degree programme
Taloustiede
Language
en
Pages
21
Series
Abstract
The price of the dwelling is affected by its locational and structural characteristics which home buyers evaluate by personal preferences. This thesis uses data from six largest cities in Finland contributing with total 6538 observations. Using historical purchase data and a hedonic pricing model this bachelor thesis estimates values for different structural characteristics of dwellings. The aim of the study is to reveal how different structural characteristics are valued in different parts of Finland and create material for future discussion about Finnish real estate markets. First, I find that certain characteristics of the dwelling have value to the consumers. Second, I discovered that each of the six research cities has unique characteristics that affect to the action of consumers.Description
Thesis advisor
Ilmakunnas, PekkaKeywords
hedonic pricing model, Finnish housing markets, data-analysis, economics