Development of standardized indices for measuring house price inflation incorporating physical and locational characteristics

The measurement of house price inflation over time is considered, and a methodological approach to the problem proposed. The measurement technique presented incorporates physical and locational features in the house price model. Results are presented for regional and UK data over the time period 198...

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Bibliographic Details
Published in:Applied economics 1992-09, Vol.24 (9), p.1067-1085
Main Authors: Fleming, M. C., Nellis, J. G.
Format: Article
Language:English
Subjects:
Comparative studies
Economic models
Economic theory
Estimating techniques
Houses
Housing market
Housing prices
Inflation
Measurement techniques
Price increases
Price indexes
Regression analysis
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Description
Summary:The measurement of house price inflation over time is considered, and a methodological approach to the problem proposed. The measurement technique presented incorporates physical and locational features in the house price model. Results are presented for regional and UK data over the time period 1983(1)-1989(4).
ISSN:0003-6846
1466-4283
DOI:10.1080/00036849200000085