首页    期刊浏览 2025年07月06日 星期日
登录注册

文章基本信息

  • 标题:Micro-geographic property price and rent indices
  • 本地全文:下载
  • 作者:Gabriel M. Ahlfeldt ; Stephan Heblich ; Tobias Seidel
  • 期刊名称:CEP Discussion Paper
  • 出版年度:2022
  • 卷号:2022
  • 语种:English
  • 出版社:Centre for Economic Performance
  • 摘要:We develop a programming algorithm that predicts a balanced-panel mix-adjusted house price index for arbitrary spatial units from repeated cross-sections of geocoded micro data. The algorithm combines parametric and non-parametric estimation techniques to provide a tight local fit where the underlying micro data are abundant and reliable extrapolations where data are sparse. To illustrate the functionality, we generate a panel of German property prices and rents that is unprecedented in its spatial coverage and detail. This novel data set uncovers a battery of stylized facts that motivate further research, e.g. on the density bias of price-to-rent ratios in levels and trends, within and between cities. Our method lends itself to the creation of comparable neighborhood-level qualified price and rent indices for residential and commercial property.
  • 关键词:index;real estate;price;property;rent
国家哲学社会科学文献中心版权所有