ASSESSMENT OF IMPACT OF FACTORS ON REAL ESTATE PRICE IN HUE CITY, THUA THIEN HUE PROVINCE

Keywords

Bất động sản, giá đất, đường phố, vị trí, thành phố Huế. Real estate, property price, location, Hue city.

Abstract

This study focuses on determining the impact of factors on property prices in Hue city, Thua Thien Hue province. The study used quantitative and qualitative analysis (descriptive statistics) in SPSS to statistically characterize the investigated subjects; using Likert scale with 5 levels to evaluate the nfluence; regression method to analyze the impact of factors on real estate prices; surveying 155 samples in 03 wards of An Tay, An Cuu and An Dong of Hue city. The results showed that, 6 factors affecting real estate prices were identified, including: (i) Location, (ii) Topographic features, (iii) Legal, (iv) Social factors, (v) Infrastructure and (vi) Environment. The impact level of 6 factors on real estate prices are: Environment (0.416), Terrain (0.408), Location (0.225), Infrastructure (0.197), Legal (0.195) and Weak social factor (0.120). For factors affecting real estate prices, depending on the type of street that the factors affecting real estate prices have different roles. For streets with good business potential, the important factor is that the location of the land plot provides high profitability and stability leading to high buyer demand, followed by parcel shape factors, infrastructure conditions, living environment. The main purpose of a street to build houses is the natural environment, social factors, infrastructure, followed by shape and area. Among the 3 surveyed wards, An Cuu ward had the highest real estate price; followed by An Dong and An Tay wards.

https://doi.org/10.26459/hueunijard.v129i3C.5986

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