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Residential Property Price Indices on Small Property Markets

Residential Property Price Indices on Small Property Markets AbstractThere are many reasons for the fact that reliable property indices are difficult to calculate. Even though, in theory, there are several acknowledged methods of their determination, this task poses problems of various nature in practice. These problems grow when the data sets are limited, which is the case on small property markets where the number of transactions are low. The paper is an attempt to compute property price indices on the basis of a statistically smoothed series of average unit prices of residential properties sold on a small market, exemplified by the county of Łobez. Additionally, the paper discusses the problems that have emerged over the course of the study, as well as the obtained results, as viewed in the context of the general situation on the property market. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Real Estate Management and Valuation de Gruyter

Residential Property Price Indices on Small Property Markets

Real Estate Management and Valuation , Volume 25 (1): 14 – Mar 1, 2017

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References (33)

Publisher
de Gruyter
Copyright
© 2017
ISSN
1733-2478
eISSN
2300-5289
DOI
10.1515/remav-2017-0001
Publisher site
See Article on Publisher Site

Abstract

AbstractThere are many reasons for the fact that reliable property indices are difficult to calculate. Even though, in theory, there are several acknowledged methods of their determination, this task poses problems of various nature in practice. These problems grow when the data sets are limited, which is the case on small property markets where the number of transactions are low. The paper is an attempt to compute property price indices on the basis of a statistically smoothed series of average unit prices of residential properties sold on a small market, exemplified by the county of Łobez. Additionally, the paper discusses the problems that have emerged over the course of the study, as well as the obtained results, as viewed in the context of the general situation on the property market.

Journal

Real Estate Management and Valuationde Gruyter

Published: Mar 1, 2017

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