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Residential Property Prices in Croatia

Author

Listed:
  • Davor Kunovac

    (The Croatian National Bank, Croatia)

  • Karlo Kotarac

    (The Croatian National Bank, Croatia)

Abstract

This paper presents the house price index (HPI) based on the data of the Tax Administration of the Republic of Croatia, constructed in cooperation between the Croatian Bureau of Statistics (CBS) and the Croatian National Bank (CNB). The paper also shows how developed econometric models and the Tax Administration database may be used for the (mass) valuation of residential property.

Suggested Citation

  • Davor Kunovac & Karlo Kotarac, 2019. "Residential Property Prices in Croatia," Surveys 37, The Croatian National Bank, Croatia.
    • Handle: RePEc:hnb:survey:37
    as

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    File URL: http://www.hnb.hr/repec/hnb/survey/pdf/s-037.pdf
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    References listed on IDEAS

    as
    1. Jaime Sobrino, 2014. "Housing prices and submarkets in Mexico City: a hedonic assessment," Estudios Económicos, El Colegio de México, Centro de Estudios Económicos, vol. 29(1), pages 57-84.
    2. Tamara Boras & Josip Tica, 2013. "Prostorna elastičnost traženih cijena stanova na stambenom tržištu Grada Zagreba," EFZG Working Papers Series 1304, Faculty of Economics and Business, University of Zagreb.
    3. Rosen, Sherwin, 1974. "Hedonic Prices and Implicit Markets: Product Differentiation in Pure Competition," Journal of Political Economy, University of Chicago Press, vol. 82(1), pages 34-55, Jan.-Feb..
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Kunovac, Davor & Zilic, Ivan, 2022. "The effect of housing loan subsidies on affordability: Evidence from Croatia," Journal of Housing Economics, Elsevier, vol. 55(C).
    2. Davor Kunovac & Ivan Žilić, 2020. "Home sweet home: The effects of housing loan subsidies on the housing market in Croatia," Working Papers 60, The Croatian National Bank, Croatia.

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    More about this item

    Keywords

    residential property prices; hedonic regression; time dummy index; generalised additive models; two-dimensional spline;
    All these keywords.

    JEL classification:

    • R30 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - General
    • R32 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Other Spatial Production and Pricing Analysis

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