Ekuilibrium : Jurnal Ilmiah Bidang Ilmu Ekonomi
Vol 18, No 2 (2023): September

The Influence of Sleman City Hall on Housing Price: A Case Study using OLX Data

Muhammad Naurul Muna (Universitas Muhammadiyah Yogyakarta)
Romi Bhakti Hartarto (Universitas Muhammadiyah Yogyakarta)
Ibnu Hajar (Universitas Gadjah Mada)



Article Info

Publish Date
02 Sep 2023

Abstract

The Special Region of Yogyakarta (DIY) is one of the provinces in Indonesia with rapid development. This is indicated by the increasing number of shopping centers and the development of tourism and educational activities. Sleman Regency is a business center in DIY Province because it has the largest number of shopping centers in DIY Province compared to other districts. This study aims to determine whether the house adjacent to Sleman City Hall, the largest shopping center in Sleman Regency, has a higher selling price. While similar studies use primary data collected in the field through questionnaires, this study contributes to the property economics literature by utilizing secondary data from the OLX dataset to estimate the selling price of the house. A total of 229 data obtained through the OLX website related to selling prices, proximity to Sleman City Hall, and property characteristics were processed using multiple regression analysis with the ordinary least squares (OLS) technique. The finding of this study is that the distance from Sleman City Hall has a negative and significant effect on the selling price of the house. Another finding from this study is that the building area and land area have a positive and significant effect on the selling price of the house. On the other hand, the distance to the asphalt road has nothing to do with the selling price of the house.

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Journal Info

Abbrev

ekuilibrium

Publisher

Subject

Economics, Econometrics & Finance

Description

Ekuilibrium : Jurnal Ilmiah Bidang Ilmu Ekonomi is a journal published by the Economic Faculty, Universitas Muhammadiyah Ponorogo (Unmuh Ponorogo) in collaboration with Universitas Muhammadiyah Ponorogo Research and Community Service. Published twice a year (March and September), contains six to ten ...