Price Indexes For Multi-dwelling Properties In Sweden

Lennart Berg ()

Journal of Real Estate Research, 2005, vol. 27, issue 1, pages 47-82

Abstract: The econometric test in this paper indicates that standard property and municipality attributes are important determinants of sales prices for MDCBs (multi-dwelling and commercial buildings) in Sweden. I also employ spatial econometric techniques and find that spatial specified regressions improved the models? explanatory power. The constant quality price for a model estimated with OLS is roughly one percentage point higher than for a model controlling for spatial autocorrelation. When the constant quality price trend is estimated on a yearly basis, there are hardly any differences between the estimated parameters, notwithstand-ing if all MDCBs are in the sample or if the sample is split into sub markets. However, estimating models with a quarterly constant quality price trend to some extent shows different price trends for the three sub markets.

JEL-codes: L85 (search for similar items in EconPapers)
Date: 2005
View citations in EconPapers

Downloads: (external link)
http://aux.zicklin.baruch.cuny.edu/jrer/papers/pdf/past/vol27n01/03.47_82.pdf Full text (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:jre:issued:v:27:n:1:2005:p:47-82

Ordering information: This journal article can be ordered from
Diane Quarles American Real Estate Society Manager of Member Services Clemson University Box 341323 Clemson, SC 29634-1323
http://aux.zicklin.b ... u/jrer/about/get.htm

Access Statistics for this article

Journal of Real Estate Research is edited by Dr. Ko Wang

More articles in Journal of Real Estate Research from American Real Estate Society
Address: American Real Estate Society Clemson University School of Business & Behavioral Science Department of Finance 401 Sirrine Hall Clemson, SC 29634-1323
Series data maintained by JRER Graduate Assistant/Webmaster ().