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Real Estate Prices: A Paris Repeat Sales Residential Index

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  • Michel Baroni
  • Fabrice Barthélémy
  • Mahdi Mokrane

Abstract

This paper offers an alternative methodology to estimate an index for Paris residential housing prices: the now standard repeat sales method (Case and Shiller, 1987). The same dataset as the official Notaires/INSEE Index is employed, and after discussing the main assumptions and their implications for estimation robustness, the estimated index for the 1982-2002 period is compared with the Notaires/INSEE Index. The findings indicate that the estimation is quite robust whatever the estimation period, and that this index is significantly different from the official residential index for Paris.

Suggested Citation

  • Michel Baroni & Fabrice Barthélémy & Mahdi Mokrane, 2005. "Real Estate Prices: A Paris Repeat Sales Residential Index," Journal of Real Estate Literature, Taylor & Francis Journals, vol. 13(3), pages 303-322, January.
    • Handle: RePEc:taf:rjelxx:v:13:y:2005:i:3:p:303-322
    DOI: 10.1080/10835547.2005.12090163
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