The spatial aspects of the hedonic price model for the capital City Prague

The research project focuses on the application of analytical data with a geographic component, in particular real estate information about real estates, into evaluation models that will be the practical part of the dissertation. All this, in line with the latest research on this issue, in relation to spatial autocorrelation (influence of adjacent real estate prices) and spatial non-stationarity (different behavior in different places). These geographical (spatial) aspects of the models violate the prerequisite for research using linear models that are commonly used. Within the model, the significance of the selected territorial characteristics (for example: availability of public transport, air quality, accessibility of recreational areas, local urban structure, level of noise in the place and others) will be tested for real estate prices, all in the capital city of Prague, region. The impact of environmental attributes will therefore be evaluated through the award. In order to determine the influence of territorial characteristics on the value we will use statistically validated methods of regression analysis extended by selected spatial survey, which are commonly used for similar purposes in foreign works.