Investigating The Factors Affecting The Cost Of Housing In Iranian Metropolises With Emphasis On Credit Variables

The price of housing as a real estate is a function of credit factors that can affect fluctuations in housing prices. The purpose of this study is to identify the extent and severity of the effect of credit variables of mortgage facilities on housing price index in selected metropolises during the years 1389 to 1399, also in the framework of panel data, stepwise regression method has been used. Understanding the factors and variables affecting housing prices can play an important role in economic decisions related to housing and policy in this area. In this research, by using statistical and econometric methods and using panel data model, the factors affecting the cost of housing in Iranian metropolises have been studied with emphasis on credit variables. This research is applied in terms of purpose and descriptive-analytical in terms of method. According to this model, the variables affecting the price of housing in Iranian metropolises are in order of priority: the amount of housing facilities, the ratio of the value of facilities to the price of housing, credit score of mortgage applicants, average installment repayment, inflation rate and interest rate of all bank facilities. The variables are statistically significant and in line with theoretical foundations. The results show that the most important factor determining the housing price index is the inflation rate with an impact factor of 1.93. The loan-to-housing ratio ratio, the amount of mortgage facilities and the credit score have a reducing effect on the housing price index. In general, the higher the credit score of facility applicants in metropolitan areas, the lower the facility interest rate and inflation rate, the higher the facility amount and the higher the LTV ratio, the lower the housing price index.