By P. De Vries
This examine discusses methods of measuring and explaining the improvement of residence costs. The objective of the examine underpinning this dissertation used to be to strengthen a methodological framework for learning those advancements. This framework relates, first, to correcting for adjustments within the composition of dwellings and, moment, to the basics of the fee improvement. utilizing the weighted repeat revenues strategy and sale rate appraisal ratio (SPAR) process, condominium fee indexes have been built for the Netherlands. either the Dutch land registry workplace and records Netherlands submit the SPAR established residence cost index per 30 days. to provide an explanation for and expect adjustments in costs, a home rate version is gifted. As prompt in literature on western housing markets, the Dutch residence fee advancements could be defined by way of demand-oriented short-run time period variables and a long-run time period variable. utilizing the home expense version, this paintings identifies the basic components within the improvement of condo costs, a long-run equilibrium among curiosity funds and source of revenue, and the susceptible courting on an aggregated point among condo costs and newly outfitted dwellings.IOS Press is a world technological know-how, technical and clinical writer of fine quality books for lecturers, scientists, and execs in all fields. a number of the parts we post in: -Biomedicine -Oncology -Artificial intelligence -Databases and data platforms -Maritime engineering -Nanotechnology -Geoengineering -All elements of physics -E-governance -E-commerce -The wisdom financial system -Urban stories -Arms regulate -Understanding and responding to terrorism -Medical informatics -Computer Sciences
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Extra resources for Measuring and Explaining House Price Developments: Volume 36 Sustainable Urban Areas
The number of rooms and lot size, and several variables for measuring time effects (Rosen, 1974). The regression coefficients can be interpreted as implicit price attributes; for example, an extra room will push up the value of the property by a specific amount. However, the challenge posed by this method is to compute a functionally correct mathematical model for house prices. A correct set of explanatory variables must be specified and the relation- 1 Kadaster collects information about registered properties in the Netherlands, records them in public registers and in cadastral maps and makes this information available to members of the public, companies and other interested parties in society.
Masser, I. & Scheurwater, J. (1978), The specification of multi-level systems for spatial analysis, in: Masser, I. & J.
F. F. F. Wallis (eds), Econometric and quantitative economics (Oxford: Basil Blackwell). , P. H. Coolen, C. J. Boelhouwer (2008), Developing a House Price Index for the Netherlands: A Practical Application of Weighted Repeat Sales, Journal of Real Estate Finance and Economics 37, pp. 163-186. ), dissertation. B. van der Wal and P. de Vries (2009), The measurement of house prices: a review of the sale price appraisal ratio method, Journal of economic and social measurement 34 (2-3), pp. 51-86. , 1998, The determinants of urban house price fluctuations in Sweden 1968-1994, Journal of Housing Economics 7, pp.