Measuring Structural, Location and Environmental Effects: A Hedonic Analysis of Housing Market in Wroclaw, Poland

This study aimed to investigate the home-buyers’ preferences and assess marginal values of improvements in structural, location and environmental attributes for Wroclaw, Poland. The AMRON database of Polish Banks Association is used with observations between 2013-2014 years. The GIS technique is applied for implementation to the database location and environmental attributes. Results of the hedonic regression analysis for linear, semi-log and model with Box-Cox transformation give good explanatory power (adjusted R square more than 0,7). Most of structural and location attributes occurred statistically significant with expected signs of influence on prices, nevertheless analyzed environmental attributes occurred to be statistically insignificant.