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Price Indexes For Multi-dwelling Properties In Sweden

Author

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  • Lennart Berg

    (Uppsala University, Department of Economics, P.O. Box 513,S-751 20 Uppsala, Sweden)

Abstract

The econometric test in this paper indicates that standard property and municipality attributes are important determinants of sales prices for MDCBs (multi-dwelling and commercial buildings) in Sweden. I also employ spatial econometric techniques and find that spatial specified regressions improved the models? explanatory power. The constant quality price for a model estimated with OLS is roughly one percentage point higher than for a model controlling for spatial autocorrelation. When the constant quality price trend is estimated on a yearly basis, there are hardly any differences between the estimated parameters, notwithstand-ing if all MDCBs are in the sample or if the sample is split into sub markets. However, estimating models with a quarterly constant quality price trend to some extent shows different price trends for the three sub markets.

Suggested Citation

  • Lennart Berg, 2005. "Price Indexes For Multi-dwelling Properties In Sweden," Journal of Real Estate Research, American Real Estate Society, vol. 27(1), pages 47-82.
    • Handle: RePEc:jre:issued:v:27:n:1:2005:p:47-82
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    Cited by:

    1. Charles Ka Yui Leung & Patrick Wai Yin Cheung & Edward Chi Ho Tang, 2013. "Financial Crisis and the Co-movements of Housing Sub-markets: Do relationships change after a crisis?," International Real Estate Review, Global Social Science Institute, vol. 16(1), pages 68-118.
    2. Xin J. Ge & G. Runeson, 2004. "Modeling Property Prices Using Neural Network Model for Hong Kong," International Real Estate Review, Global Social Science Institute, vol. 7(1), pages 121-138.

    More about this item

    JEL classification:

    • L85 - Industrial Organization - - Industry Studies: Services - - - Real Estate Services

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