The Narodowy Bank Polski organized during November 14-15, 2013 an international workshop to discuss current issues in the field of real estate analysis from the central bank's point of view. The development of residential real estate prices as well as commercial real estate prices and real...

In diesem Aufsatz beschreiben wir einen neuartigen Ansatz, mit dem zwei heterogene Datensätze für räumliche Hauspreisvorhersagen nutzbar gemacht werden. Der erste Datensatz enthält eine große Anzahl von Hauspreisbeobachtungen, allerdings nur wenige Immobilieneigenschaften (ein langer...

In this paper we derive hedonic regression models for single family homes that account for nonlinearity in price functions as well as spatial heterogeneity. House prices belong to four hierarchical levels of spatial units: Census tracts (level 1), municipalities (level 2), districts (level 3)...

Based on more than 10.000 observations of rental flats in Vienna, collected from 2004 to 2006, we apply Bayesian structured additive regression models to estimate hedonic price equations. For this purpose we use explanatory variables such as the buildingís year of construction, its total floor...

Although building operating charges have turned out to be a major determinant of profitability for real estate investments, there is a noticeable lack of reports or studies that analyze these costs with state-of-the-art statistical techniques. Specifically, past studies usually assume linear...