Annual sector indices are susceptible to price differences provoked by major environmental changes. Therefore, it is really important to take into consideration different situations and apply an appropriate method for constructing WLS estimator. The objective of our research is to compare...

"An important objective in the construction of real estate price indices is the creation of subindices by region or by neighbourhood. Environmental changes such as the improvement in the accessibility of a neighbourhood will result in different price changes across neighbourhoods. It is...

ERES:conference

There are two well-known methods developed for constructing house price indices: the hedonistic model and the repeat sales technique. Our research focuses on the repeat sales methodology and suggests introducing the time dependence into the model. Growth rates or indices are of interest.

In the framework of the standard repeat-sales model to estimate house price indices, we present a new methodology based on the application of a final compound return (FCR) that is constrained to prevent revisions of past values of the index. The proposed technique, being straightforward, has a...

Analysing the existing unbiased estimators for house price indices in the framework of the repeat sales approach, we discuss the necessity to improve the technique revealing its weak points. We present a new methodology based on the application of a final compound return (FCR). The proposed...