COMPARATIVE ANALYSIS OF HEDONIC AND FILTERED INDEXES IN SELECTED CITIES

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 an...

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Main Author: Kokot Sebastian
Format: Article
Language:English
Published: Sciendo 2017-09-01
Series:Real Estate Management and Valuation
Subjects:
Online Access:https://doi.org/10.1515/remav-2017-0021
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spelling doaj-ab88bef7774f4175a9ccdfd1e28bb9a72021-09-05T14:00:13ZengSciendoReal Estate Management and Valuation2300-52892017-09-01253405010.1515/remav-2017-0021remav-2017-0021COMPARATIVE ANALYSIS OF HEDONIC AND FILTERED INDEXES IN SELECTED CITIESKokot Sebastian0Faculty of Economics and Management, University of Szczecin, Szczecin, PoloniaProperty 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.https://doi.org/10.1515/remav-2017-0021real estate marketindicesproperty prices
collection DOAJ
language English
format Article
sources DOAJ
author Kokot Sebastian
spellingShingle Kokot Sebastian
COMPARATIVE ANALYSIS OF HEDONIC AND FILTERED INDEXES IN SELECTED CITIES
Real Estate Management and Valuation
real estate market
indices
property prices
author_facet Kokot Sebastian
author_sort Kokot Sebastian
title COMPARATIVE ANALYSIS OF HEDONIC AND FILTERED INDEXES IN SELECTED CITIES
title_short COMPARATIVE ANALYSIS OF HEDONIC AND FILTERED INDEXES IN SELECTED CITIES
title_full COMPARATIVE ANALYSIS OF HEDONIC AND FILTERED INDEXES IN SELECTED CITIES
title_fullStr COMPARATIVE ANALYSIS OF HEDONIC AND FILTERED INDEXES IN SELECTED CITIES
title_full_unstemmed COMPARATIVE ANALYSIS OF HEDONIC AND FILTERED INDEXES IN SELECTED CITIES
title_sort comparative analysis of hedonic and filtered indexes in selected cities
publisher Sciendo
series Real Estate Management and Valuation
issn 2300-5289
publishDate 2017-09-01
description 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.
topic real estate market
indices
property prices
url https://doi.org/10.1515/remav-2017-0021
work_keys_str_mv AT kokotsebastian comparativeanalysisofhedonicandfilteredindexesinselectedcities
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