IDEAS home Printed from https://ideas.repec.org/p/col/000103/003211.html
   My bibliography  Save this paper

"Métodos de construcción de índices de precios de vivienda” teoría y experiencia internacional

Author

Listed:
  • Julio Escobar Potes
  • José Vicente Romero

Abstract

El presente documento analiza las principales técnicas desarrolladas para la construcción de índices de precios de vivienda. Se realiza una aproximación histórica de la evolución de dichos métodos lo mismo que de los aspectos metodológicos que encierran con el fin de servir de guía para la construcción del Índice de Precios de la Vivienda Usada (IPVU) para Colombia. Igualmente sirve de referencia para los investigadores interesados en metodologías alternativas para la construcción de índices de precios de productos no homogéneos. *********************************************************** This document analyzes the most important techniques developed for the construction of house price indices. We do an historic approach of the evolution of such techniques as well as the methodological aspects involved. The purpose of this paper is to be a guide for the construction of the Used House Price Index (UHPI) for Colombia. It also can be a reference for applied researchers interested in methodologies for the construction of no homogenous price indices.

Suggested Citation

  • Julio Escobar Potes & José Vicente Romero, 2003. ""Métodos de construcción de índices de precios de vivienda” teoría y experiencia internacional," Ensayos Sobre Economía Regional (ESER) 3211, Banco de la República - Economía Regional.
    • Handle: RePEc:col:000103:003211
    DOI: 10.32468/eser.7
    as

    Download full text from publisher

    File URL: https://doi.org/10.32468/eser.7
    Download Restriction: no
    File URL: https://libkey.io/10.32468/eser.7?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Other versions of this item:

    References listed on IDEAS

    as
    1. Englund, Peter & Quigley, John M. & Redfearn, Christian L., 1998. "Improved Price Indexes for Real Estate: Measuring the Course of Swedish Housing Prices," Journal of Urban Economics, Elsevier, vol. 44(2), pages 171-196, September.
    2. Olympia Bover & Pilar Velilla, 2001. "Hedonic house prices without characteristics: the case of new multiunit housing," Estudios Económicos, Banco de España, number 73.
    3. Christopher Kent & Philip Lowe, 1997. "Asset-price Bubbles and Monetary Policy," RBA Research Discussion Papers rdp9709, Reserve Bank of Australia.
    4. Denis Conniffe & David Duffy, 1999. "Irish House Price Indices — Methodological Issues," The Economic and Social Review, Economic and Social Studies, vol. 30(4), pages 403-423.
    5. W. Erwin Diewert, 2003. "Hedonic Regressions. A Consumer Theory Approach," NBER Chapters, in: Scanner Data and Price Indexes, pages 317-348, National Bureau of Economic Research, Inc.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Julio Escobar & Carlos Huertas & Dora Alicia Mora & José Vicente Romero, 2006. "Indice De Precios De La Vivienda Usada En Colombia -Ipvu-Método De Ventas Repetidas," Borradores de Economia 2837, Banco de la Republica.
    2. Idrovo Aguirre, Byron & Lennon S., Joaquín, 2011. "Indice de Precios de Viviendas Nuevas para el Gran Santiago [Hedonic pricing models to calculate price indexes for new houses in the Santiago province]," MPRA Paper 31400, University Library of Munich, Germany, revised 28 Jan 2011.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Julio Escobar & Carlos Huertas & Dora Alicia Mora & José Vicente Romero, 2006. "INDICE DE PRECIOS DE LA VIVIENDA USADA EN COLOMBIA - I P V U - Método de ventas repetidas," Borradores de Economia 368, Banco de la Republica de Colombia.
    2. Jan van Dalen & Ben Bode, 2004. "Quality-corrected price indices: the case of the Dutch new passenger car market, 1990-1999," Applied Economics, Taylor & Francis Journals, vol. 36(11), pages 1169-1197.
    3. Hill, Robert J. & Trojanek, Radoslaw, 2022. "An evaluation of competing methods for constructing house price indexes: The case of Warsaw," Land Use Policy, Elsevier, vol. 120(C).
    4. Mark A. Wynne & Diego Rodriguez‐Palenzuela, 2004. "Measurement Bias in the HICP: What do we know and What do we need to know?," Journal of Economic Surveys, Wiley Blackwell, vol. 18(1), pages 79-112, February.
    5. Michel Baroni & Fabrice Barthélémy & Mahdi Mokrane, 2011. "A repeat sales index robust to small datasets," Journal of Property Investment & Finance, Emerald Group Publishing Limited, vol. 29(1), pages 35-48, February.
    6. Paul Chwelos, 2003. "Approaches to performance measurement in hedonic analysis: Price indexes for laptop computers in the 1990's," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 12(3), pages 199-224.
    7. Catalina Juaneda & Josep Maria Raya & Francesc Sastre, 2011. "Pricing the Time and Location of a Stay at a Hotel or Apartment," Tourism Economics, , vol. 17(2), pages 321-338, April.
    8. Duffy, David & FitzGerald, John & Timoney, Kevin & Byrne, David, 2013. "Quarterly Economic Commentary, Autumn 2013," Forecasting Report, Economic and Social Research Institute (ESRI), number QEC20133, June.
    9. Keane, Claire & Walsh, John R. & Callan, Tim & Savage, Michael, 2012. "Property Tax in Ireland: Key Choices," Papers EC11, Economic and Social Research Institute (ESRI).
    10. John Conlon, 2005. "Should Central Banks Burst Bubbles?," Game Theory and Information 0508007, University Library of Munich, Germany.
    11. Iacoviello, Matteo & Ortalo-Magne, Francois, 2003. "Hedging Housing Risk in London," The Journal of Real Estate Finance and Economics, Springer, vol. 27(2), pages 191-209, September.
    12. repec:esr:chaptr:jacb200961 is not listed on IDEAS
    13. Robert C. Feenstra & Christopher R. Knittel, 2009. "Reassessing the US Quality Adjustment to Computer Prices: The Role of Durability and Changing Software," NBER Chapters, in: Price Index Concepts and Measurement, pages 129-160, National Bureau of Economic Research, Inc.
    14. Allen, Franklin & Gu, Xian, 2018. "The Interplay between Regulations and Financial Stability," CEPR Discussion Papers 12862, C.E.P.R. Discussion Papers.
    15. Sahar Bashiri & Mosayeb Pahlavani & Reza Boostani, 2017. "Stock Market Bubbles and Business Cycles: A DSGE Model for the Iranian Economy," Iranian Economic Review (IER), Faculty of Economics,University of Tehran.Tehran,Iran, vol. 21(4), pages 969-1002, Autumn.
    16. Saira Tufail & Sadia Batool, 2013. "An Analysis of the Relationship between Inflation and Gold Prices: Evidence from Pakistan," Lahore Journal of Economics, Department of Economics, The Lahore School of Economics, vol. 18(2), pages 1-35, July-Dec.
    17. Empen, Janine, 2011. "Preissetzung Auf Dem Deutschen Joghurtmarkt: Eine Hedonische Analyse," 51st Annual Conference, Halle, Germany, September 28-30, 2011 115362, German Association of Agricultural Economists (GEWISOLA).
    18. Addison-Smyth, Diarmaid & McQuinn, Kieran & O'Reilly, Gerard, 2009. "Modelling Credit in the Irish Mortgage Market," The Economic and Social Review, Economic and Social Studies, vol. 40(4), pages 371-392.
    19. David Duffy, 2001. "The Use of Location Variables in a Mix-Adjusted Index for Dublin House Prices," Papers WP138, Economic and Social Research Institute (ESRI).
    20. Rickard Enström & Olof Netzell, 2008. "Can Space Syntax Help Us in Understanding the Intraurban Office Rent Pattern? Accessibility and Rents in Downtown Stockholm," The Journal of Real Estate Finance and Economics, Springer, vol. 36(3), pages 289-305, April.
    21. David Duffy, 2001. "Does Controlling For Neighbourhood Quality Matter More For Different Types Of House," Economics Department Working Paper Series n1091001, Department of Economics, National University of Ireland - Maynooth.

    More about this item

    Keywords

    Urban Economics;

    JEL classification:

    • R0 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:col:000103:003211. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Banco De La República - Economía Regional (email available below). General contact details of provider: https://edirc.repec.org/data/cbcgvco.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.