<abstract xmlns="http://www.w3.org/1999/xhtml"><p>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 sales technique concerning the inability to take into account the characteristics of individual properties.</p></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 sales technique concerning the inability to take into account the characteristics of individual properties.

Repeat Assessed Values Model for Housing Price Index

Real Estate Management and Valuation

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

{"article-title":"Repeat Assessed Values Model for Housing Price Index"}

This study proposes an innovative methodology, named Repeat Appraised Price Model (RAV), useful for determining the price index numbers for real estate markets...

Repeat Assessed Values Model for Housing Price Index

Published Online: Jan 11, 2018

Page range: 25 - 39

DOI: https://doi.org/10.1515/remav-2017-0027

Keywords
real estate market, price index numbers, appraisal system approach, hedonic prices

© 2017 Manuela Carini et al., published by De Gruyter Open

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

Repeat Assessed Values Model for Housing Price Index

Published Online: Jan 11, 2018

Page range: 25 - 39

DOI: https://doi.org/10.1515/remav-2017-0027

Keywordsreal estate market, price index numbers, appraisal system approach, hedonic prices

© 2017 Manuela Carini et al., published by De Gruyter Open

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

Keywords
real estate market, price index numbers, appraisal system approach, hedonic prices