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Paper eres2005_335:
Repeat Sales and Urban Price Indices: A New Approach

id eres2005_335
authors Thion, Bernard; Tatiana Chameeva and Fabrice Riva
year 2005
title Repeat Sales and Urban Price Indices: A New Approach
source Book of Abstracts: 2005 European Real Estate Society conference in association with the International Real Estate Society
summary In the framework of the standard repeat-sales model to estimate house price indices, we present a new methodology based on the application of a final compound return (FCR) that is constrained to prevent revisions of past values of the index. The proposed technique, being straightforward, has a strong advantage of a gradual construction of a price estimator year after year. The results obtained for the database sample for Bordeaux region in France demonstrate the validity of the FCR method and are coherent with the estimators calculated by means of well-known techniques within the repeat sales approach.
series ERES:conference
type normal paper
discussion No discussions. Post discussion ...
session Session E1
last changed 2008/11/01 09:47
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