scholarly journals Modelling a hedonic index for commercial properties in Berlin

2014 ◽  
Keyword(s):  
Hedonic Index

scholarly journals Construction Of Hedonic Price Index For The “Most Liquid” Polish Painters

2014 ◽  
Vol 14 (2) ◽  
pp. 76-100
Author(s):  
Krzysztof Kompa ◽  
Dorota Witkowska
Keyword(s):  
Price Index ◽  
Art Market ◽  
Alternative Form ◽  
Expected Returns ◽  
Hedonic Price ◽  
Single Model ◽  
Quality Adjustment ◽  
Good Investment ◽  
Hedonic Quality ◽  
Hedonic Index

Abstract Art market has been developing in Poland and the first Art Fund was established in 2011. Therefore it seems that investment in art can be considered as alternative form by Polish investors. In order to decide whether art is a good investment, it is necessary to evaluate expected returns which might be obtained from such investment thus an art price index should be developed. The aim of the paper is to discuss artworks as investment assets and evaluate price index of paintings produced by 11 Polish artists whose artworks were traded the most often on auctions that were held in Poland in the years 2007–2010. In our research, employing data concerning 750 objects, we apply the hedonic index methodology to estimate returns from the paintings market. The results of our investigation show that hedonic quality adjustment essentially influences evaluation of artwork prices therefore we propose the aggregated hedonic index which might better describe situation at the art market than the hedonic index biased by the specification of a single model.

An Hedonic Index for Breakfast Cereals

1979 ◽  
Vol 6 (1) ◽  
pp. 67 ◽  
Author(s):  
Karen J. Morgan ◽  
Edward J. Metzen ◽  
S. R. Johnson
Keyword(s):  
Breakfast Cereals ◽  
Hedonic Index

What’s in a Loan Yield?The Construction of a Hedonic Index of Yields for Commercial Real Estate Mortgages

2015 ◽  
Vol 41 (5) ◽  
pp. 126-139 ◽  
Author(s):  
Serguei Chervachidze ◽  
Mark Gallagher ◽  
William C. Wheaton
Keyword(s):  
Real Estate ◽  
Commercial Real Estate ◽  
Hedonic Index

What’s in a Loan Yield? The Construction of a Hedonic Index of Yields for Commercial Real Estate Mortgages

2015 ◽  
Vol 41 (6) ◽  
pp. 126-139
Author(s):  
Serguei Chervachidze ◽  
Mark Gallagher ◽  
William C. Wheaton
Keyword(s):  
Real Estate ◽  
Commercial Real Estate ◽  
Hedonic Index

scholarly journals SPANISH HOUSING MARKETS, 1904-1934: NEW EVIDENCE

2014 ◽  
Vol 32 (1) ◽  
pp. 119-150 ◽  
Author(s):  
Juan Carmona ◽  
Markus Lampe ◽  
Joan R. Rosés
Keyword(s):  
Housing Prices ◽  
Housing Markets ◽  
Housing Demand ◽  
Entire Period ◽  
Housing Supply ◽  
Using Data ◽  
New Evidence ◽  
Hedonic Index ◽  
Demographic Growth ◽  
Do So

ABSTRACTThis article makes the first systematic attempt to analyse quantitatively the evolution of Spanish housing markets from 1904 to 1934, a period of dramatic changes in housing demand as a consequence of substantial income and demographic growth. In order to do so, we collect a new database on houses sold and their prices using data from the Registrar's Yearbooks. Furthermore, we construct a new hedonic index of real housing prices for Spain and its provinces. To our surprise, we found that real housing prices rose slightly over the entire period and, hence, that housing supply responded effectively to new demand for housing.

scholarly journals COMPARATIVE ANALYSIS OF HEDONIC AND FILTERED INDEXES IN SELECTED CITIES

2017 ◽  
Vol 25 (3) ◽  
pp. 40-50
Author(s):  
Sebastian Kokot
Keyword(s):  
Comparative Analysis ◽  
Technical Problems ◽  
Property Prices ◽  
Price Indexes ◽  
Property Price ◽  
National Bank ◽  
Points Of View ◽  
Hedonic Indexes ◽  
Hedonic Index

Abstract Property price indexes are difficult to determine both from the substantive and technical/organizational points of view. Various methods of constructing such indexes have been developed in order to overcome these difficulties. To this end, the author compares two types of indexes: hedonic indexes and ones termed filtered for the purpose of this particular paper. Hedonic index values come from Polish National Bank (NBP) publications, while the filtered indexes have been computed with the use of the 4253H filter on the basis of the NBP announcements on mean property prices. Thus, the results are comparable as both types of indexes are derived from the same input databases. The analysis covers both the comparison of the obtained results as well as a discussion of substantive and technical problems encountered when building the property price indexes.

scholarly journals A RE-ASSESSMENT OF HOUSE PRICE INDICES: EVIDENCE FROM THE SPANISH MARKET

2018 ◽  
Vol 23 (1) ◽  
pp. 23-35 ◽  
Author(s):  
Paloma Taltavull de la Paz ◽  
Stanley McGreal
Keyword(s):  
Housing Market ◽  
Structural Changes ◽  
Price Index ◽  
House Price ◽  
Housing Quality ◽  
Quality Changes ◽  
Large Database ◽  
Price Indices ◽  
House Price Indices ◽  
Hedonic Index

This paper using evidence from the Spanish housing market contributes significantly to the debate concerning the different results obtained from house price indices depending on the method used to build the index. Utilising a large database over the period 1994 to 2012, the paper constructs a time dummy hedonic index (HD) and an imputed hedonic index using a Laspeyres approach (HI), and compares the different effect on the price index evolution. The paper discusses control by quality changes and identifies those attributes experiencing structural changes over the analysis period, identified by the HI index but not by the HD index. Results indicate that changes in quality stem from socio-demographic conditions rather than changes to housing quality (other than size). The paper also shows that improvements in neighbourhood quality rather than change in a ‘typical house’ affects house price and argues that these considerations are important in both the method selected to calculate house price indices and the application of the methodology to estimate price changes.

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