Improved price index for condominiums

Han‐Suck Song and Mats Wilhelmsson

Journal of Property Research, 2010, vol. 27, issue 1, 39-60

Abstract: This paper proposes a hedonic apartment price index construction method that can increase the quality of price index data for condominiums in Sweden. Currently, the public condominium price index that different actors usually refer to is based on mean and median prices per square metre. With access to a unique database with the most recent transactions data from real estate agents firms, I estimate alternative hedonic price indexes, and compare them both with each other, as well as with arithmetic mean and median price indexes.

Date: 2010
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Working Paper: Improved Price Index for Condominiums (2009)
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DOI: 10.1080/09599916.2010.500394

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