The range of uncertainty on the property market pricing: the case of the city of Shanghai

Jian Zhou, Yixuan Shen, Athanasios A. Pantelous, Hui Zhang

Research output: Contribution to journalArticleResearchpeer-review

Abstract

Property prices around the globe have seen very strong growth over the last two decades. Across various advanced countries, such a rapid and uncontrolled growth in house prices puts their economy in danger, and most importantly, their social integration and interconnectedness at great risk. In this paper, we develop a novel fuzzy linear regression framework using symmetric and asymmetric trapezoidal fuzzy numbers for determining the relationship of particular (non-) policy factors with the house prices. An interviewing questionnaire survey was conducted for collecting real data for the city of Shanghai to illustrate our theoretical treatment.
Original languageEnglish
Article number101720
Number of pages11
JournalFinance Research Letters
DOIs
Publication statusAccepted/In press - 2020

Keywords

  • House prices
  • Bid-Ask spread
  • Fuzzy linear regression
  • Trapezoidal fuzzy numbers

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