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Weight Fractions of Real Estate Market Characteristics and Preferences of Potential Buyers

Author

Listed:
  • Lesław Polny

    (Akademia Górniczo-Hutnicza w Krakowie, Wydział Geodezji Górniczej i Inżynierii Środowiska, Katedra Geomatyki)

  • Ewelina Wójciak

    (Akademia Górniczo-Hutnicza w Krakowie, Wydział Geodezji Górniczej i Inżynierii Środowiska, Katedra Geomatyki)

Abstract

Determining of market characteristics influence on transaction prices is the primary determinant of estimate market value accuracy. Weight fractions of attributes should thus be established on basis of research into potential buyers preferences. In the study carrying out a survey among real estate agents was proposed, together with processing the results taking into account the degree of varying confidence towards respondents. Weigh fractions were also established in accordance with the ceteris paribus principle and on basis of the Pearson product-moment correlation coefficient. The essence of the elaboration is the conclusion regarding the results weighting comparison determined by analytical methods with weight shares emerging from the survey.

Suggested Citation

  • Lesław Polny & Ewelina Wójciak, 2015. "Weight Fractions of Real Estate Market Characteristics and Preferences of Potential Buyers," World of Real Estate Journal (Swiat Nieruchomosci), Fundacja Uniwersytetu Ekonomicznego w Krakowie, issue 92, pages 35-42, June.
    • Handle: RePEc:kra:journl:y:2015:i:92:p:35-42
    DOI: 10.14659/worej.2015.92.05
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    More about this item

    Keywords

    preferences of potential real estate buyers; ceteris paribus principle; weight fractions of market characteristics;
    All these keywords.

    JEL classification:

    • L85 - Industrial Organization - - Industry Studies: Services - - - Real Estate Services

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