La influencia de las características de las viviendas de segunda mano en sus precios de venta: evidencias en el mercado alicantino

Abstract

This paper estimates the impact that the characteristics of second-hand homes in Alicante have on the asking price. In order to carry out this research, information has been used from real estate portals, which offer information such as the characteristics of dwellings, the building, their geographical location and asking prices. The analysis is developed in the province of Alicante geographic context. A hedonic regression is estimated in which the dwellings characteristics and location act as independent variables, and the asking price as a dependent value. The results show significant differences in the dwelling asking price depending on its characteristics and location, suggesting higher prices for dwellings: located in the coastal regions of the north of Alicante, that have a swimming pool, garden or parking space. However, dwellings with lower asking prices are: those located in southern and inland regions of the province.