Social dynamics and their significance in housing prices in the Monterrey metropolitan area
DOI:
https://doi.org/10.29105/vtga10.6-1008Keywords:
Metropolitan area of Monterrey, hedonic prices, regression, housingAbstract
The purpose of this review is to analyze the characteristics of housing to determine which ones have a significant impact, considering both their structural aspects and the surrounding social environment. The aim is to investigate whether factors related to accessibility to basic services and amenities, such as planning and security, are those that most influence the value of housing. For this purpose, a sample of 300 homes obtained from the Lamudi platform was analyzed. A multiple regression analysis was carried out, the results of which indicated that variables such as land area, construction and number of garages have a significant impact on the value of housing, surpassing social variables in relevance. In addition, it was found that security and smart urban planning also play an important role in determining housing value; therefore, it is crucial that these aspects be increasingly integrated into urban development plans. The article includes a discussion of results section, where the findings are compared and contrasted with previous studies.
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Copyright (c) 2024 Zeydi Mireya Vargas-Pérez, Eddy Barrera-Rodriguez
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