Towards Increasing Residential Market Transparency: Mapping Local Housing Prices and Dynamics

Radosław Cellmer , Radosław Trojanek

Abstract

This article attempts to use spatial maps as a way of presenting additional information about the phenomena occurring in the housing market. In our opinion, spatial maps may facilitate understanding and provide more detailed information, which undoubtedly should increase the transparency of the housing market. The study used 12,219 transactions of apartments in Poznań in the years 2013–2017. General principles of price visualization activity and housing market dynamics were established in this study. The map of prices may reflect the location values determined by the quality of the urban infrastructure, distance from specific locations, and environmental factors. Market activity maps reveal areas where the market is dynamically developing, while information on trends in the number of transactions and price changes may demonstrate the growing or declining attractiveness of areas. The research is based on a model of hedonic regression in the form of ordinary least squares (OLS), quantile regression (QR), and geographically weighted regression (GWR). The maps presented should increase the transparency of the residential market (e.g., by providing more detailed information). However, one should bear in mind the limitations in the use of these methods resulting from a small number of transactions in a thin market.
Author Radosław Cellmer
Radosław Cellmer,,
-
, Radosław Trojanek (WZ / KM)
Radosław Trojanek,,
- Department of Microeconomics
Journal seriesISPRS International Journal of Geo-Information, ISSN 2220-9964, (N/A 70 pkt)
Issue year2020
Vol9
No2
Pages1-18
Publication size in sheets0.85
Keywords in Polishrynek mieszkaniowy, przejrzystość rynku, mapy wartości
Keywords in Englishhousing market; market transparency; price map
ASJC Classification3305 Geography, Planning and Development; 1901 Earth and Planetary Sciences (miscellaneous); 1903 Computers in Earth Sciences
DOIDOI:10.3390/ijgi9010002
URL https://www.mdpi.com/2220-9964/9/1/2
Languageen angielski
Score (nominal)70
Score sourcejournalList
ScoreMinisterial score = 70.0, 25-03-2020, ArticleFromJournal
Publication indicators WoS Citations = 0; Scopus SNIP (Source Normalised Impact per Paper): 2018 = 1.229; WoS Impact Factor: 2018 = 1.84 (2) - 2018=2.022 (5)
Citation count*2 (2020-09-21)
Additional fields
UwagiFirst online: 18 December 2019
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* presented citation count is obtained through Internet information analysis and it is close to the number calculated by the Publish or Perish system.
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