Precios de inmuebles. Aproximaciones metodológicas y aplicación empírica

Jorge Ponce and Magdalena Tubio ()
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Magdalena Tubio: Banco Central del Uruguay

No 2013005, Documentos de trabajo from Banco Central del Uruguay

Abstract: In this paper we summarize methodologies on house price indices with a particular focus on the construction of model from which it is possible to evaluate the deviation of current prices with market fundamentals. We also propose an empirical application of an hedonic price model to Uruguay using a novel and rich database. It allows the identification of heterogeneities in the house market in Montevideo, and the estimation of shadow prices to houses’ attributes among different segments. The use of this methodology helps improving the set of price indicators, and so the house market monitoring

Keywords: Estate prices; hedonic models; financial stability; Uruguay; Precio de inmuebles; modelos hedónicos; estabilidad financiera; Uruguay (search for similar items in EconPapers)
JEL-codes: G12 G28 R21 R31 (search for similar items in EconPapers)
Pages: 34 pages
Date: 2013
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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