Os determinantes fundamentais dos preços dos imóveis residenciais: um estudo para o Brasil

Authors

  • Guilherme Moreira da Costa Lopes Ibmec
  • Ari Francisco de Araujo Junior Ibmec
  • Luiz Carlos Day Gama Ibmec - BH / Professor associado I

Abstract

This study aims to analyze the main determinants of housing prices in Brazil. Considering that real estate are very heterogenic different methodologies were adopted in order to analyze the residential real estate market, both from a macro and micro perspective. In the first approach, models by Pooled OLS, Fixed Effects and Random Effects were estimated in order to test the impact of important economic indicators in the country, such as: the Selic Rate, Unemployment and Income. Among the results found, a price elasticity of 0.259 in relation to Income was estimated. In the second approach, hedonic models that allow capturing the effect of the characteristics of the residences and their location on the property prices were estimated, for the city of Belo Horizonte. Among the results found, it is noteworthy that Infrastructure has a positive impact on the price of real estate.

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Published

2023-07-27

How to Cite

Moreira da Costa Lopes, G., Francisco de Araujo Junior, A., & Day Gama, L. C. (2023). Os determinantes fundamentais dos preços dos imóveis residenciais: um estudo para o Brasil. Revista De Economia Mackenzie, 20(1), 173–202. Retrieved from http://editorarevistas.mackenzie.br/index.php/rem/article/view/15777

Issue

Vol. 20 No. 1 (2023)

Section

Artigos

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Copyright (c) 2023 Luiz Carlos Day Gama

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