<abstract xmlns="http://www.w3.org/1999/xhtml"><p> There are many reasons for the fact that reliable property indices are difficult to calculate. Even though, in theory, there are several acknowledged methods of their determination, this task poses problems of various nature in practice. These problems grow when the data sets are limited, which is the case on small property markets where the number of transactions are low. The paper is an attempt to compute property price indices on the basis of a statistically smoothed series of average unit prices of residential properties sold on a small market, exemplified by the county of Łobez. Additionally, the paper discusses the problems that have emerged over the course of the study, as well as the obtained results, as viewed in the context of the general situation on the property market.</p></abstract>

There are many reasons for the fact that reliable property indices are difficult to calculate. Even though, in theory, there are several acknowledged methods of their determination, this task poses problems of various nature in practice. These problems grow when the data sets are limited, which is the case on small property markets where the number of transactions are low. The paper is an attempt to compute property price indices on the basis of a statistically smoothed series of average unit prices of residential properties sold on a small market, exemplified by the county of Łobez. Additionally, the paper discusses the problems that have emerged over the course of the study, as well as the obtained results, as viewed in the context of the general situation on the property market.

Residential Property Price Indices on Small Property Markets

Faculty of Economics and Management University of Szczecin, Szczecin

Real Estate Management and Valuation

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

{"article-title":"Residential Property Price Indices on Small Property Markets"}

There are many reasons for the fact that reliable property indices are difficult to calculate. Even though, in theory, there are several acknowledged methods...

Residential Property Price Indices on Small Property Markets

Published Online: Apr 12, 2017

Page range: 5 - 18

DOI: https://doi.org/10.1515/remav-2017-0001

Keywords
real property market, property price indices

© 2017

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

Residential Property Price Indices on Small Property Markets

Published Online: Apr 12, 2017

Page range: 5 - 18

DOI: https://doi.org/10.1515/remav-2017-0001

Keywordsreal property market, property price indices

© 2017

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

Keywords
real property market, property price indices