The Relationship between Size and Price in Real Estate Market - Application of Quantile Regression

• Main Authors: CHEN, PEI-WEN, 陳姵文
• Other Authors: PENG, CHIEN-WEN
• Format: Others
• Language: zh-TW
• Published: 2017
• Online Access: http://ndltd.ncl.edu.tw/handle/86vbv5

碩士 === 國立臺北大學 === 不動產與城鄉環境學系 === 105 === Real estate appraisers often reduce the unit price when they estimate a property with a high total price or a large size. It implies that there is a nonlinear relationship between price and size due to the law of diminishing marginal price.Using the method of quantile regression this study has found contrary to expectation, marginal price increasing will occur for high-priced housing in the residential housing market.However, if the house price is higher or lower than the market value then the house and land size become a significant variable for consumer purchasing. Furthermore, in the case of a developer if he/she plans to consolidate two properties, prior to purchasing the adjacent property, the property’s auction price will be change from linear to nonlinear.