A Comparative Analysis of Dutch House Price Indices
||Francke, Marc; Kramer, Bert; Kuijl, Tessa
||A Comparative Analysis of Dutch House Price Indices
||16th Annual European Real Estate Society Conference in Stockholm, Sweden
||Several house price indices exist for the Netherlands. These different indices come from different sources. In this paper we analyze indices from the Dutch Association of Real Estate Agents (NVM), the Land Registry Office (Kadaster), ORTAX and ABF. First we discuss the index construction methodologies used. Then we analyze and compare the statistical characteristics of these indices on a national and regional level and per house type. And finally we test for statistical differences between the indices. Large differences are found in reliability, sample representativeness and statistical characteristics. We conclude by drawing a number of conclusions regarding the most appropriate index and level of specification (by region and type) to be used in risk analyses by property investors like housing corporations. "
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