Measuring the Effect of the Real Estate Bubble: a House Price Index for Bilbao
AbstractA spatio-temporal model is proposed aimed at producing an index of housing prices. A hedonic model with geographically varying coefficients is coupled with a non parametric estimation of the trend, whence a price index is derived.
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Bibliographic InfoPaper provided by Universidad del País Vasco - Departamento de Economía Aplicada III (Econometría y Estadística) in its series BILTOKI with number 2011-07.
Date of creation: Nov 2011
Date of revision:
Postal: Dpto. de Econometría y Estadística, Facultad de CC. Económicas y Empresariales, Universidad del País Vasco, Avda. Lehendakari Aguirre 83, 48015 Bilbao, Spain
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- Marko Kryvobokov & Mats Wilhelmsson, 2007. "Analysing location attributes with a hedonic model for apartment prices in Donetsk, Ukraine," International Journal of Strategic Property Management, Taylor and Francis Journals, vol. 11(3), pages 157-178, June.
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"A Simple Alternative House Price Index Method,"
FAME Research Paper Series
rp119, International Center for Financial Asset Management and Engineering.
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- John M. Clapp, 2004. "A Semiparametric Method for Estimating Local House Price Indices," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 32(1), pages 127-160, 03.
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