Title
Distribution of unit prices of undeveloped land
Autor
Agnieszka Bitner
Keywords
real estate valuation, log-normal distribution, unit price distribution, wealth distribution, land real estate, financial market
Abstract
In this paper we determined the distribution function of unit land prices of undeveloped land. The analysis was based on 1752 sale transactions in Kraków. We found that the data follows the log-normal distribution with very high significance level. The result obtained suggests that the distribution function of the unit land prices is the same as that of small and middle ranges of society wealth.
Pages
41-50
Cite
Bitner, A. (2009). Distribution of unit prices of undeveloped land. Acta Sci. Pol. Administratio Locorum, 8(4), 41-50.
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