Price Indexes For Multi-dwelling Properties In Sweden
The econometric test in this paper indicates that standard property and municipality attributes are important determinants of sales prices for MDCBs (multi-dwelling and commercial buildings) in Sweden. I also employ spatial econometric techniques and find that spatial specified regressions improved the models? explanatory power. The constant quality price for a model estimated with OLS is roughly one percentage point higher than for a model controlling for spatial autocorrelation. When the constant quality price trend is estimated on a yearly basis, there are hardly any differences between the estimated parameters, notwithstand-ing if all MDCBs are in the sample or if the sample is split into sub markets. However, estimating models with a quarterly constant quality price trend to some extent shows different price trends for the three sub markets.
Volume (Year): 27 (2005)
Issue (Month): 1 ()
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