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The Housing Market Case Study - Research Paper Example

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Considering the fact that most people, who works in the cities, travel by train, it is very crucial for them to reside in places where the railway line passes near. The primary aim of my analysis is to determine if the size of the house the only factor that determines the prices? In other words, I am analyzing how the dependent variable is affected by the independent variable. My investigation is in B9. In my study, the dependent variable is number of bedroom while the independent variable is the price. The data that I use in this report are first hand data that I collected in the field. I visited over 100 houses of different types located in different places in the UK. My study covered different places in the UK. These include, west London, hull city, North London and Westham Though I didn’t find the prices of some houses, I was able to find them on the agents' websites. The agents post the photographs and information about the houses on their websites for the potential buyers from different places to see them. I also visited the agent’s offices to find out some information which was not available in the internet. I u obtain questionnaires to obtain information from all the respondents that I met. Analysis New homes have become more popular in the present age than ever. Developers have made efforts to create new homes that are boast fabulous designs , energy saving and with excellent building qualities. Thousands of houses are now on sale by these new home owners in the UK. A study has hence been carried out to obtain the general view of the housing market focusing on the housing prices, type and size of house for sale. The collected data is analyzed using different SPSS. The statistical aspects that the analysis look into include mean, media, skewness, price kurtosis, variance and standard deviation of the collected information. The sample data of my collected information is tabulated below: Type of house Number of bedrooms Price in million Euros Flat 4 30.0 Detached 4 17.6 Detached 4 15.7 Semi detached 4 7.7 Detached 4 12.6 Terrace 4 10.7 Detached 4 6.6 detached 4 10.7 People or companies that own houses advertise them in the UK’s number one property website to ensure that their potential clients get to see them more and they are able to receive millions of visits a month from active buyers. There are different types of houses in the UK; they include flats, terraced, detached, and semi detached. Prices of different houses depend on the type, the location and the sizes of houses for sale. The first analysis that I carried out was the relationship between number of bedrooms and the prices of the houses. From the sample,I found out that the prices of houses are directly proportional to the number of bedrooms. For example, a 4 bedroom semi detached house cost 3.5 million Euros, 3 bedroom cost 2.6 million Euros (Churchill & Iacobucci, 2009). While a 2 bedroom house of the same type goes for 1 million. The graph below shows the cost of different types of 4 bedroom house in west London. The prices are in million Euros. To make the information collected more clear, a histogram is also drawn. If less than two thirds of the questions are answered, then the questionnaire will be discarded since it can’t provide accurate information that is substantial for the analysis. I assumed that every variable in each set of the population is independent so that I get a correlation coefficient. The reference point of checking the skewness and ...Show more
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The Housing Market Case Study Name Number Course Tutor Date Introduction The report gives a detailed statistical description of different types of houses that are sold in the UK. There four types of houses that one can buy in the UK. These are flat, terraced, detached and semi detached…
The Housing Market Case Study
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