Stuctural, Spatial and Other Attibutes of House Price: The Case of Bangladesh

Abstract

This paper examines the significance of structural and spatial characterstics of house contributing to the property value. Longitudinal data on property value over the last ten years and cross sectional data on house rent have been analysed using Hedonic Regressions Function to derive a house price index for the current housing market in Bangladesh. The trend of house price is increasing more rapidly with the demand driven housing market in Bangladesh. Real estate attracts a great deal of speculative investment, but there is no indication of the relative importance of various factors in this process. This paper hopes to make an initial dent into this problem.

Journal of Bangladesh Institute of Planners, Vol. 5, Dec 2012, pp. 13-24