Correlation between building attributes and room rates for private home rentals converted from quaint old houses in Osaka City through a hedonic approach

Abstract

Abstract Two groups of hedonic price models were constructed, one for quaint old private home rentals and the other for non‐quaint old private home rentals. In the case of quaint old private home rentals, a higher presence of traditional design corresponded to higher room rates. In the case of non‐quaint old private home rentals, closer distances to a train station and higher roadside land prices corresponded to higher room rates. A potential market was found for private home rentals of homes converted from old houses that had lost their market value as residences.

Keywords

• traditional designs
• private home rentals
• hedonic approach
• sharing economy
• accommodation pricing