Eres : Digital Library : Works

Paper eres2009_272:
Determinants of the House Price in Romania - How to Measure Houses Prices in a New EU State

id eres2009_272
authors de Vries, Paul; Faber, Robbert
year 2009
title Determinants of the House Price in Romania - How to Measure Houses Prices in a New EU State
source 16th Annual European Real Estate Society Conference in Stockholm, Sweden
summary This paper examines the construction of real estate databases and the valuation of properties in Buz_u, Romania. One of the criteria for candidate states for EU mem-bership is a good working monitoring system for the land and real estate markets. The objective of this paper is the twofold. First, the development of a set of data-bases, procedures and guidelines that enables a valuation process on the Romanian real estate market and secondly, using those databases, to gain insight into the real market value of recently sold properties. We rely on observations from estate agents and banks starting in May 2007. Using hedonic regression, with house and location characteristics, we predict the house prices.
series ERES:conference
email p.devries@tudelft.nl, robbertfaber@yahoo.com
content file.ppt (7,824,896 bytes)
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ratings Ratings: 1
session Housing
last changed 2009/09/16 16:22
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