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111 ´ Repeat Sales ª, Indicateurs De Prix Et Modification De Líenvironnement Immobilier

Author

Listed:
  • Bernard Thion
  • Philippe Favarger
  • Martin Hoesli

Abstract

"An important objective in the construction of real estate price indices is the creation of subindices by region or by neighbourhood. Environmental changes such as the improvement in the accessibility of a neighbourhood will result in different price changes across neighbourhoods. It is important that an appropriate method be selected for constructing such indices. One such method is the repeat sales method which has the advantage that it does not require the attributes of properties. In this paper, we construct an index of a particular house type in Bordeaux (the """"Èchoppes"""") for the period 1985-1997. This index shows steady price increases even during the bearish real estate markets of the early 1990s. When the city is divided into two regions, differences in price changes are observed."

Suggested Citation

  • Bernard Thion & Philippe Favarger & Martin Hoesli, 2000. "111 ´ Repeat Sales ª, Indicateurs De Prix Et Modification De Líenvironnement Immobilier," ERES eres2000_111, European Real Estate Society (ERES).
    • Handle: RePEc:arz:wpaper:eres2000_111
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    Cited by:

    1. Steffen Sebastian & R. Maurer & Martin Pitzer, 2001. "Construction of a transaction based price index for the Paris housing market," ERES eres2001_276, European Real Estate Society (ERES).

    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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