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Hedonic housing price indexes: the
| Content Provider | CiteSeerX |
|---|---|
| Author | Experience, French Laferrère, Anne |
| Abstract | The whole of France is now covered by quarterly hedonic housing price indexes. They are the fruit of a unique collaboration between the notaries, who collect the data and do the computation, and INSEE, the French statistical agency, that provides the methodology and guarantees its proper use. The method relies on the econometric estimation of the value of fixed baskets of apartments or houses in some 300 geographic zones. The quarterly estimate is based on all sales recorded in a given period. Each zone has its own hedonic model of price. This allows to create indexes at various geographic levels. The regular publication of hedonic housing price indexes at a country level is rare, because it is costly. The French endeavour manages to be relatively cheap to the taxpayer because of a unique methodology and complementary interests between the involved parties. |
| File Format | |
| Access Restriction | Open |
| Subject Keyword | Country Level Fixed Basket French Statistical Agency Quarterly Hedonic Housing Price Index French Endeavour Manages Proper Use Hedonic Housing Price Index Econometric Estimation Unique Methodology Various Geographic Level Quarterly Estimate Method Relies Geographic Zone Involved Party Regular Publication Complementary Interest Unique Collaboration Hedonic Model |
| Content Type | Text |
