FACTORS AFFECTING REAL ESTATE PRICE IN HUE CITY, THUA THIEN HUE PROVINCE

Tóm tắt

This study determines the impact of factors on property prices in Hue City, Thua Thien Hue province. It uses quantitative and qualitative analysis to statistically characterize the investigated subjects. The Likert scale with five levels and the regression method were used to evaluate the influence of relevant factors on real estate from 115 samples collected in the An Tay, An Cuu, and An Dong Wards, Hue City. The results show six factors affecting real estate prices: (i) Location, (ii) Shape and topography, (iii) Legal, (iv) Social factors, (v) Infrastructure, and (vi) Environmental conditions. The impact level of the factors are: Environmental conditions, 0.416; Shape and topography, 0.408; Location, 0.225; Infrastructure, 0.197; Legal, 0.195; and Social factors, 0.120. Depending on the type of street, the factors have different roles. For streets with good business potential, the important factor is Location with high profitability and stability, leading to high buyer demand, followed by Topographic and shape, Infrastructure, and Environment. An Cuu had the highest real estate price among the three surveyed wards, followed by An Dong and An Tay.

https://doi.org/10.26459/hueunijard.v129i3C.5986
PDF (English)

Tài liệu tham khảo

  1. Department of Natural Resources and Environment of Hue City (2017), Report on the implementation of the management of Natural Resources and Environment of Hue City from 2014 to 2017.
  2. Hair, Jr. J. F Anderson, R. E, Tatham, R. L. & Black, W. C. (1998), Multivariate Data Analysis, Prentical-Hall International, Inc.
  3. Hoang Van Hung, Ta Ngoc Long, Trinh Huu Lien (2013), Building and developing digital cadastral database for land valuation and land management in Ngo Quyen Ward, Vinh Yen City, Vinh Phuc province. Journal of Soil Science, 5(56–62).
  4. Likert, R (1932), A technique for the measurement of attitudes, New York University, New York.
  5. Truong Van Long, Pham Thi Kim Ngan (2011), Determining the degree of influence of factors affecting land prices and land use as a basis for land price determination in O Mon district, Can Tho City, Master's thesis in land management.
  6. Nunnally, J. C. & Bernstein, I. H (1994), Psychometric thery (3, Ed), New York: McGraw-Hill.
  7. Nguyen Huu Ngu and Duong Quoc Non (2017), Land Valuation Curriculum, Hue University Publishing House.
  8. Hoang Trong, Chu Nguyen Mong Ngoc (2008), Analyze research data with SPSS, Publisher statistics.
  9. Tabachnick, B. G., & Fidell, L. S. (1996), Using Multivariate Statistics (3rd ed.), New York: Harper Collins