Long Term Effective Factors on House Price of Metropolises of Iran

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Moeeni, Safoura | 2009

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Type of Document: M.Sc. Thesis
Language: Farsi
Document No: 39615 (44)
University: Sharif University of Technology
Department: Management and Economics
Advisor(s): Nili, Masoud
Abstract:
The notable share of housing sector in GDP (approximately five percent) shows this sector’s relation with macroeconomic activities. On the other hand, House as an asset leads housing sector to be affected by monetary and fiscal variables. A dynamic panel data was used in this study to evaluate the relations between housing sector and some macroeconomic variables in metropolises of Iran. As results show, in long term growth of liquidity, GDP per capita and sharp ratio have positive effects, and land per capita has negative effect on housing price in metropolises of Iran. Price increases have not been equal in different cities. Inequality of land price between metropolises and between metropolises and other cities are increasing in recent years.A direct relation between inequality and increase of land price has been seen. This mean in periods which rate of land price increase were high inequality were high too.
Keywords:
Housing Price ; Land Per Capital ; Dynamic Panel Data Model ; Land Price Inequality

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