<abstract xmlns="http://www.w3.org/1999/xhtml"><p> The observation of price movements on the real estate market is an extremely difficult task as we have to face problems belonging to two spheres. The first of them is the specific nature of real estate as marketable objects and of the real estate market itself. The second one is the character and quality of data on real estate transaction prices. In this article the author, based on an empirical study, attempts to prove that even in a single segment of a local real estate market the prices in individual sub-segments can fluctuate with different intensity. The range of price movements can be so vast that it seems pointless to apply a single averaged price index for the whole segment, and usually that is what analysts do.</p></abstract>

The observation of price movements on the real estate market is an extremely difficult task as we have to face problems belonging to two spheres. The first of them is the specific nature of real estate as marketable objects and of the real estate market itself. The second one is the character and quality of data on real estate transaction prices. In this article the author, based on an empirical study, attempts to prove that even in a single segment of a local real estate market the prices in individual sub-segments can fluctuate with different intensity. The range of price movements can be so vast that it seems pointless to apply a single averaged price index for the whole segment, and usually that is what analysts do.

Diversified Price Dynamics in some Sub-Segments of the Housing Market

University of Szczecin Faculty of Economics and Management Mickiewicza 64, 71-101 Szczecin, Poland

Folia Oeconomica Stetinensia

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

{"article-title":"Diversified Price Dynamics in some Sub-Segments of the Housing Market"}

The observation of price movements on the real estate market is an extremely difficult task as we have to face problems belonging to two spheres. The first of...

Diversified Price Dynamics in some Sub-Segments of the Housing Market

Published Online: Dec 30, 2015

Page range: 162 - 173

Received: Nov 24, 2014

Accepted: Apr 27, 2015

DOI: https://doi.org/10.1515/foli-2015-0026

Keywords
real estate market, real estate price indices

© University of Szczecin

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

Diversified Price Dynamics in some Sub-Segments of the Housing Market

Published Online: Dec 30, 2015

Page range: 162 - 173

Received: Nov 24, 2014

Accepted: Apr 27, 2015

DOI: https://doi.org/10.1515/foli-2015-0026

Keywordsreal estate market, real estate price indices

© University of Szczecin

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

Keywords
real estate market, real estate price indices