How should we measure residential property prices to inform policy makers?

Jens Mehrhoff and Elena Triebskorn

Chapter 17 in Papers presented during the Narodowy Bank Polski Workshop: Recent trends in the real estate market and its analysis - 2015 edition, 2016, pp 227-245 from Narodowy Bank Polski

Abstract: Owing to newly available data sources for weighting from the 2011 Census of buildings and housing and data on the number of transactions and transaction values for Germany, this paper expands the previous method of calculating house price indices at the Deutsche Bundesbank with regard to weighting schemes. Starting from a methodological framework, this paper examines the distinctive purposes of house price indices and the appropriate information on prices and weights to be applied. The analysis then turns to assessing the differences in the weights as well as a comparison of the resulting price indices. The final section intends an empirical quantification of differences in the results.

Keywords: hedonic; price; index; –; Czech; Republic; –; house; prices; –; global; financial; crisis (search for similar items in EconPapers)
JEL-codes: E32 G12 G21 (search for similar items in EconPapers)
Date: 2016
References: Add references at CitEc
Citations: View citations in EconPapers (1)

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