Factors determining housing prices: empirical evidence from a developing country's Pakistan

Article Business, Finance

Determinants of the prices of residential properties in Pakistan

Abdul Wahid et al.

Summary: This study aims to explain the characteristics of residential property pricing in two cities in Pakistan and identifies statistically significant factors. The findings reveal the phenomenon of overpricing in these property markets.

JOURNAL OF PROPERTY INVESTMENT & FINANCE (2023)

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Article Computer Science, Information Systems

A Map-Based Recommendation System and House Price Prediction Model for Real Estate

Maryam Mubarak et al.

Summary: The accessibility of spatial big data helps real estate investors make better decisions and earn additional profits. Digital maps have become a prime resource for real estate purchases, planning, and development. Personalized recommendations and a house price prediction model assist users in making informed real estate purchase decisions.

ISPRS INTERNATIONAL JOURNAL OF GEO-INFORMATION (2022)

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Article Development Studies

Addressing the macroeconomic and hedonic determinants of housing prices in Beijing Metropolitan Area, China

Jinlong Duan et al.

Summary: This study examined the impact of both macroeconomic factors and hedonic attributes on housing prices in Beijing using VAR and GWR models. The results showed that changes in money supply and mortgage rates have long-term effects on housing prices, while hedonic attributes such as house size, age, and number of bedrooms varied spatially in their impacts. Adjusting monetary policies and improving housing design can effectively regulate housing prices in the long term.

HABITAT INTERNATIONAL (2021)

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Article Urban Studies

Foreign capital inflows and housing market in Pakistan

Rafiq Ahmed et al.

Summary: The study aims to assess the impact of foreign capital inflow and domestic factors on housing prices in Pakistan. Findings suggest that population growth and urbanization have heavily influenced the increase in housing prices. Recommendations include directing foreign funds into the housing sector, regularly publishing housing policies, and providing housing finance facilities.

INTERNATIONAL JOURNAL OF HOUSING MARKETS AND ANALYSIS (2021)

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Article Urban Studies