Statistical analysis of Berlin real estate prices for IDS702 class @ Duke University.
Research Question
Which factors influence listing prices of Berlin real estate?
- Web scraping data from
immobilienscout24.de,immowelt.de, andebay-kleinanzeigen.de - Data cleaning
- Modeling
- Linear Regression
- Hierarchical linear model with random intercepts
You can download the full report here. It highlights...
🔑 Take aways:
- larger properties are more expensive
- temporary living is overpriced (although you pay for flexibility...)
- houses (compared to apartments, everything else held constant) are significantly more expensive to rent, but cheaper to buy
- offers from private sellers and landlords tend to be cheaper than offers from commercial entities
🔑 Take away: Properties in the city center are more expensive
🔑 Take away: Some zip code areas offer good value for money if you want to be close to the action
