Property-price determinants in Indonesia

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Price formation provides critical insights into the attributes of fledgling property markets in developing countries. This article investigates asking-price formation across the Indonesian archipelago, including previously unstudied regional property markets. We compile a rich micro dataset of asking prices for residential, commercial, and undeveloped land from a nationwide classifieds database. Through a hedonic price analysis we identify the impact of property and advertisement attributes on asking prices for each type of property, using spatial fixed effects to control for spatially correlated unobservable characteristics at the district and city levels. Results indicate that property characteristics, land ownership status, and advertising method are all statistically significant indicators of asking price. We find considerable heterogeneity in asking-price formation in residential, commercial, and undeveloped land, and identify key differences between urban and rural markets..

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Ketersediaan

Call Number	Location	Available
	PSB lt.2 - Karya Akhir	1

Informasi Detail

Judul Seri

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No. Panggil

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Penerbit

: Bulletin of Indonesian Economic Studies., 2018

Deskripsi Fisik

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Bahasa

ISBN/ISSN

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Klasifikasi

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Tipe Isi

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Tipe Media

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Tipe Pembawa

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Edisi

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Subjek

Property
Developing countries
Land tenure
Property market
Price information

Info Detail Spesifik

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Pernyataan Tanggungjawab

ka

Versi lain/terkait

Lampiran Berkas

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