The Comparative Analysis of Asking and Traded Price Indices in Different Floor Area Subsegments of the Residential Property Market

• Autorzy: Sebastian Kokot , Marcin Bas
• Języki publikacji: EN

Abstrakty

EN

There are several acknowledged methods for determining residential property price indices. However, all of them have their drawbacks and advantages and reflect the averaged real movements of prices with varying accuracy. The paper attempts to answer the question: How faithfully do indices based on asking prices reflect the movements of traded prices? As a result we will find out whether, in the situation when property price indices cannot be determined, asking price based indices can be used instead. The paper specifies theoretical and practical aspects of constructing residential property price indices on the basis of asking and traded prices. It also contains an empirical analysis of these two index types. (original abstract)

Słowa kluczowe

EN

Real estate market; Real estate prices; Price indices

PL

Rynek nieruchomości; Ceny nieruchomości; Wskaźniki cen

• Czasopismo: Real Estate Management and Valuation
• Rocznik: 2015
• Numer: vol. 23, iss. 3
• Strony: 14--25

Twórcy

autor

Sebastian Kokot

• University of Szczecin, Poland

autor

Marcin Bas

• ESTIT Marcin Bas

Bibliografia

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• Kokot S., 2015b, Parę krytycznych uwag na temat jakości danych o transakcjach nieruchomościami, Biuletyn Polskiego Stowarzyszenia Rzeczoznawców Wyceny Nieruchomości, nr 102 (A few critical comments about the quality of data on real estate transactions, Bulletin of Polish Association of Property Valuation Experts No. 102).
• Kokot S., Bas M., 2013, Evaluation of the applicability of statistical methods in studies on price dynamics on the real estate market, Real Estate Management and Valuation, Vol. 21, No. 1.
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• Trojanek R., 2008, Wahania cen na rynku mieszkaniowym, Wyd. Akademii Ekonomicznej w Poznaniu, Poznań (Fluctuations of the prices in the housing market, Economic Academy in Poznan).
• Wood R., 2005, A Comparison of UK Residential Mouse Price Indices, BIS Paper No. 21.

Identyfikatory

DOI

10.1515/remav-2015-0021