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Housing price indexes in Central and Eastern Europe. A comparative study on the models

Author

Listed:
  • Costin Ciora
  • Ion Anghel
  • Gunther Maier

Abstract

In recent years, housing indicators have become significant in understanding the evolution of the real estate market. As there is a significant impact of the housing price indexes on the public awareness of the current state of a real estate reliability of such indices is important. This paper examines the housing price index from a methodological point of view, with a focus on Central and Eastern Europe. Results suggests that the majority of the real estate markets in this region is relatively new in adopting a real estate index, compared with Western Europe or US markets. Thus, the anchoring upon similar models developed in these markets needs to be done with a focus on regional characteristics.

Suggested Citation

  • Costin Ciora & Ion Anghel & Gunther Maier, 2015. "Housing price indexes in Central and Eastern Europe. A comparative study on the models," ERES eres2015_151, European Real Estate Society (ERES).
    • Handle: RePEc:arz:wpaper:eres2015_151
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    JEL classification:

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

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