Comparative Analysis of Dutch House Price Indices
OFRC Working Paper No. 2009-01
28 Pages Posted: 28 Oct 2010
Date Written: October 1, 2009
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
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