Comparative Analysis of Dutch House Price Indices

OFRC Working Paper No. 2009-01

28 Pages Posted: 28 Oct 2010

See all articles by Marc Francke

Marc Francke

University of Amsterdam - Faculty of Economics and Business (FEB); Ortec Finance

Tessa Kuijl

affiliation not provided to SSRN

Bert Kramer

Ortec Finance

Date Written: October 1, 2009

Abstract

Several house price indices exist for the Netherlands. These different indices arise from different data sources and index construction methodologies. In this paper we analyze indices from the Dutch Association of Real Estate Brokers and Real Estate Experts, the Statistics Netherlands, and two consultancy firms. First we discuss the index construction methodologies used. Next we analyze and compare the statistical characteristics of these indices on a national and regional level and per house type. Finally we test for statistical differences between the indices. Large differences are found in reliability, sample representativeness and statistical characteristics.

Keywords: Hedonic price indices, Repeat sales, Sales price appraisal ratio

JEL Classification: C22, C43, R30

Suggested Citation

Francke, Marc and Kuijl, Tessa and Kramer, Bert, Comparative Analysis of Dutch House Price Indices (October 1, 2009). OFRC Working Paper No. 2009-01. Available at SSRN: https://ssrn.com/abstract=1698591 or http://dx.doi.org/10.2139/ssrn.1698591

Marc Francke (Contact Author)

University of Amsterdam - Faculty of Economics and Business (FEB) ( email )

Plantage Muidergracht 12
Amsterdam, 1018 TV
Netherlands

HOME PAGE: http://www.uva.nl/en/contact/staff/item/m.k.francke.html?f=francke

Ortec Finance ( email )

Orly Centre
Barajasweg 10
Amsterdam, 1043 CP
Netherlands
+ 31 20 7009 700 (Phone)
+ 31 20 7009 701 (Fax)

HOME PAGE: http://www.ortec-finance.com

Tessa Kuijl

affiliation not provided to SSRN ( email )

Bert Kramer

Ortec Finance ( email )

Orly Centre
Barajasweg 10
Amsterdam, 1043 CP
Netherlands

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