Search results for "hedonic prices"
showing 3 items of 3 documents
Pricing the homebuyer's countryside view
2008
In most developed nations big cities are expanding ever farther into the countryside. Rural populations are growing, whether with workers - commuters or the self-employed - retired people, or temporary residents. In France a "periurbanization" movement began in Ile-de-France in the 1960s and spread to the large provincial cities in the next decade before becoming a nationwide phenomenon (Le Jeannic 1997; Schmitt et al. 1998; Cavailhès and Schmitt 2002). So successful was this movement that by 1999 33% of the land area of France was periurban with 12.3 million people living there. Progression from 1990 to 1999 was remarkable, with the area concerned increasing by half (more than 6 million he…
Appraising building area’s index numbers using repeat values model. A case study in Paternò (CT)
2013
The knowledge of real estate prices trend over time is requisite to understand and expect dynamics of real estate market, and is useful to construct index numbers of real estate prices, numerical indicators exploitable to understand real estate profitability and land phenomena in different market segments. This work aims at the construction of prices index numbers relevant to building area site in the town of Paternò, in Catania province, and at the corresponding hedonic prices index numbers linked to the main real estate characteristics in the space of a period that goes from 2004 to 2012. The proposed methodology allows to build the index numbers of the building area’s unit prices in the …
Repeat Assessed Values Model for Housing Price Index
2017
Abstract This study proposes an innovative methodology, named Repeat Appraised Price Model (RAV), useful for determining the price index numbers for real estate markets and the corresponding index numbers of hedonic prices of main real estate characteristics in the case of a lack of data. The methodological approach proposed in this paper aims to appraise the time series of price index numbers. It integrates the principles of the method of repeat sales with the peculiarities of the Hedonic Price Method, overcoming the problem of an almost total absence of repeat sales for the same property in a given time range; on the other hand, the technique aims to overcome the limitation of the repeat …