Internet-Based Hedonic Indices of Rents and Prices for Flats: Example of Berlin
27 Pages Posted: 29 Feb 2012
Date Written: February 1, 2012
In this paper, we suggest to estimate the home rents and prices in German regions/cities using the data from Internet ads offering the housing for rent and sale. Given the richness of information contained in the ads, we are able to construct the quality-adjusted rent and price indices using the hedonic approach. The results can be applied both for investigating the dynamics of rents/prices and for examining their distribution by city districts or regions.
Keywords: internet ads, home rents, home prices, German regions, Berlin, hedonic approach
JEL Classification: C21, O47, R11
Suggested Citation: Suggested Citation