A Comparison of Housing Prices Calculated Through Floor Premium and Housing Prices Calculated Through Valuation Reports

Abstract

When it comes to housing pricing, particularly when housing estates are concerned, determining price differences based on varying features is an important aspect. In practice, floor premiums are calculated via a selection of methods and reflected in prices. In this study, parameters thought to influence housing prices have been weighted to find out the prices of all available apartments in a housing estate, the total cost of the project being unchanged, and these prices have been compared to those derived through evaluation reports. Analyses show that there is a significant difference between the prices of apartments when calculated through floor premiums and those of apartments when established as a result of an evaluation report.