Baroni, Michel; Barthélémy, Fabrice; Mokrane, Mahdi - ESSEC Business School - 2009
As suggested by D. Geltner, commercial properties indices have to be built using repeat sales instead of hedonic … indices. The repeat sales method is a means of constructing real estate price indices based on a repeated observation of … property transactions. These indices may be used as benchmarks for real estate portfolio managers. But the investors in general …