Author
Listed:
- Pedro H. M. Albuquerque
- Bernardo Alves Furtado
Abstract
Este texto faz uma revisão teórica de índices de preço ao consumidor, com ênfase nas especificidades do mercado imobiliário, apontando vantagens e limitações de cada um. Discute, assim, os índices de médias de preço, quais sejam: Laspeyres, Paasche, Fisher e Jevons. Adicionalmente, apresenta as duas variações de construção por métodos hedônicos: com inserção de variáveis dummies e por imputação. As especificidades típicas do mercado imobiliário, os atributos do imóvel, sua longa temporalidade e inserção urbana sugerem maiores cuidados para a construção de índices para o mercado imobiliário. O texto apresenta alguns avanços teóricos recentes para o mercado imobiliário e conclui com uma aplicação possível a partir de dados disponíveis para São Paulo. This paper is a theoretical review of consumer price indices, with an emphasis on the specifics of the real estate market, highlighting advantages and limitations. It discusses the following indices of average prices: Laspeyres, Paasche, Fisher and Jevons. In addition, it presents two variations of construction by hedonic methods: with insertion of dummy variables and imputation. Typical specificities of the real estate market, such as property attributes, its long temporality and urban insertion, recommend greater care when building indices for the housing market. The paper presents some recent theoretical advances for the real estate market and concludes with a brief application for Sao Paulo.
Suggested Citation
Pedro H. M. Albuquerque & Bernardo Alves Furtado, 2016.
"Índices de Preço e o Mercado Imobiliário: Literatura e Ilustração – o caso de São Paulo,"
Discussion Papers
2200, Instituto de Pesquisa Econômica Aplicada - IPEA.
Handle:
RePEc:ipe:ipetds:2200
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