<abstract xml:lang="en" xmlns="http://www.w3.org/1999/xhtml"><p>The article presents the review of methods used to construct apartment price indices in order to select a method of determining a price index for a chosen local apartment market in the West Pomeranian Province. The analysis covered 369 free-market sale transactions of cooperative apartments that had been concluded from 4 May 2000 to 18 August 2010 by a Housing Cooperative in the Zachód development in Stargard Szczeciński with the total number of 2,712 flats (constituting a stable and homogenous housing resource due to the time and technology of construction). To each transaction seven features have been attributed: a transaction date, a sale price, a property size, an address, a number of rooms, a floor and the number of floors in a building. The above considerations confirm the usefulness of classic indices of apartment price dynamics on a spatially limited market where it is possible to differentiate sets of apartments that are considered homogenous because of the similarity of their primary characteristics.</p></abstract>

The article presents the review of methods used to construct apartment price indices in order to select a method of determining a price index for a chosen local apartment market in the West Pomeranian Province. The analysis covered 369 free-market sale transactions of cooperative apartments that had been concluded from 4 May 2000 to 18 August 2010 by a Housing Cooperative in the Zachód development in Stargard Szczeciński with the total number of 2,712 flats (constituting a stable and homogenous housing resource due to the time and technology of construction). To each transaction seven features have been attributed: a transaction date, a sale price, a property size, an address, a number of rooms, a floor and the number of floors in a building. The above considerations confirm the usefulness of classic indices of apartment price dynamics on a spatially limited market where it is possible to differentiate sets of apartments that are considered homogenous because of the similarity of their primary characteristics.

Apartment Price Indices on the Example of Cooperative Apartments Sale Transactions

Department of Econometrics and Statistics, Faculty of Economics and Management, University of Szczecin, Mickiewicza 64, 71-101 Szczecin

Folia Oeconomica Stetinensia

The article presents the review of methods used to construct apartment price indices in order to select a method of determining a price index for a chosen...

Apartment Price Indices on the Example of Cooperative Apartments Sale Transactions

Published Online: Dec 21, 2011

Page range: 72 - 82

DOI: https://doi.org/10.2478/v10031-010-0005-7

Keywords
apartment price index, local apartment price, housing attribute

This content is open access.

Apartment Price Indices on the Example of Cooperative Apartments Sale Transactions

Published Online: Dec 21, 2011

Page range: 72 - 82

DOI: https://doi.org/10.2478/v10031-010-0005-7

Keywordsapartment price index, local apartment price, housing attribute

This content is open access.

Keywords
apartment price index, local apartment price, housing attribute