Analysis Of Factors Affecting Land Value (Case Study In Sub-District Medan Timur Medan City)

This study aims to determine the factors that affect the value of land in the District of Medan Timur Medan. LT, JTF, AE, LEG, ETN are 5 (five) variables that are used as factors that affect the value of land in Medan Timur Sub – District. The data used are primary data, sampling technique used is P...

Full description

Saved in:
Bibliographic Details
Published in:International Journal of Humanities Education and Social Sciences 2022-10, Vol.2 (2)
Main Authors: Irwan Bogie, Moehammad Nawawiy Loebis, Nazaruddin Matondang, Sheila Hani
Format: Article
Language:English
Subjects:
Land Value, Land Area, Economic Activity, Regression Analysis, Land Value Model
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:This study aims to determine the factors that affect the value of land in the District of Medan Timur Medan. LT, JTF, AE, LEG, ETN are 5 (five) variables that are used as factors that affect the value of land in Medan Timur Sub – District. The data used are primary data, sampling technique used is Propostionate Stratified Random Sampling. The results showed that the factors LT, JTF, AE, LEG, ETN positive and significant effect, variable economic activity (AE) with a Standardized coefficient of 0.269 has the most dominant influence on the value of land compared to other variables. Land value Model with regression analysis techniques that can be used in the District of Medan East Medan city is Y = 3.297 + 1.241 (LT) + 0.885 (JTF) + 1.325 (AE) + 1.755 (LEG) + 2.608 (ETN), while the Standard Error of the Estimate of 3.73091
ISSN:2808-1765
2808-1765
DOI:10.55227/ijhess.v2i2.255