Housing Market in Malaga: An Application of the Hedonic Methodology



Appendix I

Descriptive statistics for the initial model

Name

Minimum

Maximum

Mean

SD.

Final housing price (in cash) (€)

40 026

2 163 643

235 430.68

171 035.69

Price per surface area (€/m2)

545.45

6812.90

2029.47

640.36

Surface area (m2)

21

1,500

118.71

87.37

Number of bathrooms

1

10

1.62

0.83

Number of rooms

2

12

4.16

1.06

Number of floors from ground level

1

17

5.43

3.02

Area of adjacent plot (m2)

0

250 000

197.93

5609.35

Area of patios (m2)

0

800

4.39

27.51

Age of the dwelling (years)

1

103

20.30

11.81

Type of Building

0

1

0.24

0.43

House orientation/south or north

0

1

0.17

0.38

Air-conditioning

0

1

0.07

0.26

Private parking included in the price

0

1

0.38

0.49

Most rooms are exterior rooms

0

1

0.83

0.37

Built-in wardrobes

0

1

0.59

0.49

Dressing room off the main bedroom

0

1

0.08

0.27

Access for handicapped people

0

1

0.22

0.42

Caretaker in the property

0

1

0.11

0.31

Private security in the property

0

1

0.07

0.25

Lift

0

1

0.59

0.49

House sold with furniture

0

1

0.12

0.32

Storage room

0

1

0.21

0.40

Type of water heating system in the house

1

4

1.88

0.41

Natural light

1

3

2.26

0.63

Type of House

1

6

1.39

0.77

Type of floor

1

4

1.20

0.49

Finish and state of the house

1

3

1.92

0.54

Municipal District

1

10

5.36

2.83

Distance to the center

1

3

2.27

0.72

Proximity to the seaside

0

1

0.16

0.36

Crime and delinquency reports per 1000 people

26.53

100.02

41.42

24.28

% People Under 20 by district

18.52

27.19

22.00

2.63

% People Over 65 by district

7.81

19.10

14.09

3.26

Mean years of education of residents by district

_______6.85

10.74

________8.54

________0.84

N = 1,996

Source: UNICASA. Own preparation



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