This paper aims at exploring the drivers of dwellings’sale prices in Bucharest, Romania, over the period 2014-2018. Several housing structural attributes are covered, such as the number of rooms, useful and constructed surface, type of comfort, floor, the number of bathrooms, balconies and parking, the seniority from construction, as well as from renovation, structure type, height regime, and the duration until completion of the real estate transaction. By estimating a standard hedonic price model via OLS regression for a sample of 765 transactions, we notice that all the selected variables, except the floor level and seniority from construction, positively influence the property prices. However, in case of useful and constructed surface, nonlinear relationships with property prices were acknowledged. Robustness checks in form of quantile regressions reinforce the empirical findings.

中文翻译：

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布加勒斯特私人住宅市场的享乐定价方法

本文旨在探讨 2014-2018 年罗马尼亚布加勒斯特住宅销售价格的驱动因素。涵盖了若干住房结构属性，例如房间数量、有用和建造的表面、舒适度类型、地板、浴室、阳台和停车场的数量、建​​筑资历以及翻新、结构类型、高度制度，以及直到房地产交易完成的持续时间。通过对 765 笔交易样本通过 OLS 回归估计标准的享乐价格模型，我们注意到所有选定的变量，除了楼层和施工资历，都对房地产价格产生积极影响。然而，在有用的和构造的表面的情况下，承认与房地产价格的非线性关系。