Repeat Assessed Values Model for Housing Price Index

• Autorzy: Manuela Carini , Marina Ciuna , Manuela De Ruggiero , Francesca Salvo , Marco Simonotti
• Języki publikacji: EN

Abstrakty

EN

This study proposes an innovative methodology, named Repeat Appraised Price Model (RAV), useful for determining the price index numbers for real estate markets and the corresponding index numbers of hedonic prices of main real estate characteristics in the case of a lack of data. The methodological approach proposed in this paper aims to appraise the time series of price index numbers. It integrates the principles of the method of repeat sales with the peculiarities of the Hedonic Price Method, overcoming the problem of an almost total absence of repeat sales for the same property in a given time range; on the other hand, the technique aims to overcome the limitation of the repeat sales technique concerning the inability to take into account the characteristics of individual properties. (original abstract)

Słowa kluczowe

EN

Real estate market; Price index; Hedonic pricing method (HPM)

PL

Rynek nieruchomości; Indeks cen; Metoda cen hedonicznych (HPM)

• Czasopismo: Real Estate Management and Valuation
• Rocznik: 2017
• Numer: vol. 25, iss. 4
• Strony: 25--39

Twórcy

autor

Manuela Carini

• University of Calabria, Italy

autor

Marina Ciuna

• University of Palermo, Italy

autor

Manuela De Ruggiero

• University of Calabria, Italy

autor

Francesca Salvo

• University of Calabria, Italy

autor

Marco Simonotti

• University of Palermo, Italy

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Identyfikatory

DOI

10.1515/remav-2017-0027