6533b7d5fe1ef96bd1264f5a

RESEARCH PRODUCT

The Convenience of Applying Multilevel Modeling on Real Estate Valuation

Francisco GuijarroFernando GarcíaJavier OliverIván Arribas

subject

Financial economicsMultilevel modelEconometricsEconomic agentsCost approachReal estateBusinessIncome approachCapitalization rateValuation (finance)

description

There are many economic agents interested in valuing big amounts of real estate assets. One of these agents are the financial institutions, which must value their vast mortgage portfolios periodically. In this paper we analyze the use of the Hierarchical Linear Model to value real estate portfolios. This model gives valuable information compared with the traditional OLS models and is more accurate, as it takes into account the hierarchical structure of the data. DOI: http://dx.doi.org/10.4995/ICBM.2015.1314

yearjournalcountryeditionlanguage
2015-07-021st INTERNATIONAL CONFERENCE ON BUSINESS MANAGEMENT - “NEW CHALLENGES IN BUSINESS RESEARCH" - Conference proceedings
https://doi.org/10.4995/icbm.2015.1314