Determinants of Housing Prices in District Mardan KPK, Pakistan

Abstract

Residence is basic need of life. Sale and purchase of house is common practice among the society. To investigate the factors that affects house pricing, researchers condicted this study. This study is based on influencing factors or determinants of housing prices in district Mardan. The study has collected primary data through a questionnaire, using a stratified random sampling technique. The data was collected from 250 house buyers; the buyers were selected on the bases of listing done through property dealers. The respondents were selected on the base of house buyers, who bought a house in the last 5 to 10 years. The study has used a multiple regression model. The study found that house size, number of floors, and electricity connection in a house increase house prices. Bad smell and distance to urban areas negatively affect house prices in district Mardan.