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

real estate
Real estate, property price, location, Hue city.
location
Hue City

Abstract

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
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