Eres : Digital Library : Works

Paper eres2004_220:
A New Model for Constructing Price Indices Using the Repeat Sales Approach

id eres2004_220
authors Thion, Bernard; Riva, Fabrice; Chameeva Tatiana
year 2004
title A New Model for Constructing Price Indices Using the Repeat Sales Approach
source 11th European Real Estate Society Conference (2-5 June 2004) Milano, Italy
summary Analysing the existing unbiased estimators for house price indices in the framework of the repeat sales approach, we discuss the necessity to improve the technique revealing its weak points. We present a new methodology based on the application of a final compound return (FCR). The proposed methodology is simpler and has an advantage of gradual continuity in building up a price estimator year after year. The comparison of results obtained for the real database sample for Bordeaux region in France proves the validity of the FCR and is consistent with all previous results.
series ERES:conference
email bernard.thion@wanadoo.fr
discussion No discussions. Post discussion ...
ratings
session House Price Analysis (B)
last changed 2008/12/21 10:41
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