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Indice de Precios de Viviendas Nuevas para el Gran Santiago
[Hedonic pricing models to calculate price indexes for new houses in the Santiago province]

Author

Listed:
  • Idrovo Aguirre, Byron
  • Lennon S., Joaquín

Abstract

This paper develops a methodology based on hedonic pricing models to calculate price indexes for new houses in the Santiago province. The primary source of information are the monthly real estate sales records of the Chilean Chamber of Construction associate companies -from January 1994 to July 2010. The database allowed us to create separate indices for houses and apartments, as well as for four locations within this province: center, north-east, north-west and south.

Suggested Citation

  • 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.
  • Handle: RePEc:pra:mprapa:31400
    as

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    File URL: https://mpra.ub.uni-muenchen.de/31400/1/MPRA_paper_31400.pdf
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    References listed on IDEAS

    as
    1. Bover, Olympia & Muellbauer, John & Murphy, Anthony, 1989. "Housing, Wages and UK Labour Markets," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 51(2), pages 97-136, March.
    2. Bradford Case & Henry O. Pollakowski & Susan M. Wachter, 1991. "On Choosing Among House Price Index Methodologies," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 19(3), pages 286-307.
    3. Julio Escobar Potes & José Vicente Romero, 2003. "Metodos de construccion de Índices de precios de vivienda Teoría y experiencia internacional," ENSAYOS SOBRE ECONOMÍA REGIONAL (ESER) 003211, BANCO DE LA REPÚBLICA - ECONOMÍA REGIONAL.
    4. Ariel Pakes, 2003. "A Reconsideration of Hedonic Price Indexes with an Application to PC's," American Economic Review, American Economic Association, vol. 93(5), pages 1578-1596, December.
    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.
    6. Eugenio Figueroa & George Lever, 1992. "Determinantes del precio de la vivienda en Santiago: Una estimación hedónica," Estudios de Economia, University of Chile, Department of Economics, vol. 19(1 Year 19), pages 67-84, June.
    7. Andrés Sagner, 2009. "Determinantes del Precio de Viviendas en Chile," Working Papers Central Bank of Chile 549, Central Bank of Chile.
    8. Quiroga, Bernardo F., 2005. "Precios hedónicos para valoración de atributos de viviendas sociales en la Región Metropolitana de Santiago," MPRA Paper 378, University Library of Munich, Germany.
    Full references (including those not matched with items on IDEAS)

    Citations

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    as


    Cited by:

    1. Jessica Castaño & Mariana Laverde & Miguel Ángel Morales Mosquera & Ana María Yaruro, 2013. "Índice de Precios de la Vivienda Nueva para Bogotá: Metodología de Precios Hedónicos," Temas de Estabilidad Financiera 078, Banco de la Republica de Colombia.
    2. Lozano Navarro, Francisco-Javier, 2015. "Elasticidad precio de la oferta inmobiliaria en el Gran Santiago
      [Housing supply elasticity in Greater Santiago]
      ," MPRA Paper 65012, University Library of Munich, Germany.

    More about this item

    Keywords

    Forma funcional; series de tiempo; mercado inmobiliario; índice de precios; viviendas nuevas.;

    JEL classification:

    • C13 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Estimation: General
    • C43 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Index Numbers and Aggregation

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