Analysis and Evaluation of Factors Affecting Land and Housing Prices In District No. 3 of Mashhad City

Abstract

The aim of this paper is to analyze and evaluate the factors affecting on land and housing prices in zone 3 of Mashhad city. The research method used in this study was desprective- analytical method. The statistical population of the research includes the heads of household in zone 3 of Mashhad city. To determine the sample size of study, which was obtained over 362 cases, Cochran formula was used. The research tools included two questionnaires; one related to the heads of households and the other one was related to real estate agencies. To analyse and display data, Arc GIS, SPSS and Excel softwares were used. First, the grad of each area, in terms of economical and social development of inhabitants, was obtained using Moris model, and then, mean comparison of economic and social development of inhabitants with land and housing prices was performed using an analysis of variance (ANOVA) at the level of 99%. Pearson correlation was used to analyze the relationships between each of these factors with land and housing price; so that its results indicate a direct and positive relationship between these factors and prices of land and housing. The effectiveness of each one of independent variables (factors affecting land and housing price) on dependent variable (its price) was analysed using linear regression with Stepwise method. Of the factors studied, the variables related to economic development of inhabitants with Beta (0.36), social development (0.38) and the area of land plots (-0.36) were identified as the most important factors that influence land and housing prices in this area of the city.

Keywords

• linear regression
• land and housing price
• zone 3 of mashhad city