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Improved price index for condominiums

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  • Han‐Suck Song
  • Mats Wilhelmsson

Abstract

This paper proposes a hedonic apartment price index construction method that can increase the quality of price index data for condominiums in Sweden. Currently, the public condominium price index that different actors usually refer to is based on mean and median prices per square metre. With access to a unique database with the most recent transactions data from real estate agents firms, I estimate alternative hedonic price indexes, and compare them both with each other, as well as with arithmetic mean and median price indexes.

Suggested Citation

  • Han‐Suck Song & Mats Wilhelmsson, 2010. "Improved price index for condominiums," Journal of Property Research, Taylor & Francis Journals, vol. 27(1), pages 39-60, June.
    • Handle: RePEc:taf:jpropr:v:27:y:2010:i:1:p:39-60
    DOI: 10.1080/09599916.2010.500394
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    1. Diewert, Erwin, 2007. "The Paris OECD-IMF Workshop on Real Estate Price Indexes: Conclusions and Future Directions," Economics working papers diewert-07-01-03-08-12-12, Vancouver School of Economics, revised 31 Jan 2007.
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    Cited by:

    1. Mats Wilhelmsson & Jianyu Zhao, 2018. "Risk Assessment of Housing Market Segments: The Lender’s Perspective," JRFM, MDPI, vol. 11(4), pages 1-22, October.
    2. Wilhelmsson, Mats & Ceccato, Vania & Gerell, Manne, 2021. "What effect does gun-related violence have on the attractiveness of a residential area? The case of Stockholm, Sweden," Working Paper Series 21/2, Royal Institute of Technology, Department of Real Estate and Construction Management & Banking and Finance.
    3. Gjestland, Arnstein & McArthur, David Philip & Osland, Liv & Thorsen, Inge, 2014. "The suitability of hedonic models for cost-benefit analysis: Evidence from commuting flows," Transportation Research Part A: Policy and Practice, Elsevier, vol. 61(C), pages 136-151.

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    More about this item

    JEL classification:

    • R3 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location

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