Measuring and Explaining House Price Developments
  • Release Date : 01 January 2010
  • Publisher : IOS Press
  • Categories : Social Science
  • Pages : 215 pages
  • ISBN 13 : 9781607506652
  • ISBN 10 : 1607506653
Score: 4
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Synopsis : Measuring and Explaining House Price Developments written by Paul de Vries, published by IOS Press which was released on 01 January 2010. Download Measuring and Explaining House Price Developments Books now! Available in PDF, EPUB, Mobi Format. This study discusses ways of measuring and explaining the development of house prices. The goal of the research underpinning this dissertation was to develop a methodological framework for studying these developments. This framework relates, first, to correcting for changes in the composition of dwellings and, second, to the fundamentals of the price development. Using the weighted repeat sales method and sale price appraisal ratio (SPAR) method, house price indexes were developed for the Netherlands. Both the Dutch land registry office and Statistics Netherlands publish the SPAR based house price index monthly. To explain and predict changes in prices, a house price model is presented. As suggested in literature on western housing markets, the Dutch house price developments can be explained by demand-oriented short-run term variables and a long-run term variable.

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