Behavior of the real estate market. Case of apartments in Barquisimeto, Lara State – period 2005-2011

Authors

  • Aymara Hernández Arias Universidad Centroccidental Lisandro Alvarado. Venezuela
  • Reinaldo Zerpa Universidad Centroccidental Lisandro Alvarado. Venezuela

Keywords:

real estate market, apartments, price estimation, Barquisimeto

Abstract

This article presents a descriptive study about the behavior of the real estate market, specifically the case of apartments in Barquisimeto, Lara state – period 2005-2011. The electronic calculation sheet and a statistical program were used to the automatic processing of the data. The data considered were: location, area (m2), unit price, number of purchase-sale transactions, sale amounts, among others. An econometric model is presented as part of the results. Such model is used to the estimation of unit price of the apartments. The explanatory variables of the model were generated from 3.319 purchase- sale transactions done during the study under period. The obtained information allows a better understanding of the dynamic, the structure and the profile of the local real estate market. All of them provide a perspective of the sector’s current situation under study

Author Biographies

  • Aymara Hernández Arias, Universidad Centroccidental Lisandro Alvarado. Venezuela
    Computer Engineer (UCLA). Master in Industrial Engineering (UNEXPO). PhD in Development Studies (CENDES-UCV). Venezuela. Email: ahernand@ucla.edu.ve
  • Reinaldo Zerpa, Universidad Centroccidental Lisandro Alvarado. Venezuela

    Civil Engineer (UCLA). Specialist in Appraisal of Urban Real Estate (UCLA). Venezuela. Mail: reizai@hotmail.com

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Published

2015-04-15

Issue

Vol. 12 No. 1 (2014): July-December

Section

Research articles

License

The opinions expressed by the authors do not necessarily reflect the position of the editor of the publication or UCLA. The total or partial reproduction of the texts published here is authorized, provided that the complete source and electronic address of this journal is cited. Authors have the right to use their articles for any purpose as long as it is done nonprofit. The authors can post on the internet or any other media the final approved version of their work.

 

How to Cite

Behavior of the real estate market. Case of apartments in Barquisimeto, Lara State – period 2005-2011. (2015). Gaceta Técnica, 12(1), 25-38. https://revistas2.uclave.org/index.php/gt/article/view/1304