A study on the Factors Affecting price of the residence in Court Auction-case study in Taoyuan city

Autor: Kevin, 郭志宏
Rok vydání: 2006
Druh dokumentu: 學位論文 ; thesis
Popis: 94
Owing to the economy gloom and doom over a long period of time, domestic real estate market also suffered from a slide in sales. However, the legal auction of real estate has become a new market that gradually gathered interests and popularity. This study will use hedonic price theory to find out the relation of the attributes of residence and their correlation to the final bid price in legal auction. Regression analysis will be also used to find out potential prices under all variables. 一、The comparison between the average bid price of the residence in Taoyuan city and its likely market value, the bid price is lower than market price by 35%. 二、In the general attributes of real estate in legal auction in Taoyuan, area is the only variable that has obvious influence on the auction price. Other attributes like the overall stories of the building, the floor of the residence, holds minute grounds around a house and Land announcement current value do not affect the auction price to any significant degree. Although in past literature these attributes are recorded to have various degrees of influence on the price of a real estate. Therefore, in legal auction, the general attributes of a residence has fewer influences on its bid price. 三、Regarding to the special attributes, apart from two variables in this category, method of handing over and the degree of furnishing, other variables like sequence in the auction, number of bidders, and reserve price all have obvious influence on the auction price. Therefor the bid price of a real estate is under greater influence by the conditions of the auction. 四、This implies that full information disclosure and flexible pricing can increase the competitive degree and improve transaction efficiency for auction market.
Databáze: Networked Digital Library of Theses & Dissertations
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