Description
Property Price Index, 1st ed. 2020
Theory and Practice
Advances in Japanese Business and Economics Series, Vol. 11
Language: EnglishSubject for Property Price Index:
360 p. · 15.5x23.5 cm · Paperback
Description
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This book answers the question of how exactly property price indexes should be constructed.
The formation and collapse of property bubbles has had a profound impact on the economic administration of many nations. The property price bubble that began around the mid-1980s in Japan has been called the 20th century's biggest bubble. In its aftermath, the country faced a period of long-term economic stagnation dubbed the "lost decade." Sweden and the United States have also faced collapses of property bubbles in the 20th and early 21st centuries, respectively.
This book provides practical examples of how the theory of property price indexes can be applied to the issues of property as a non-homogenous good and a technological and environmental change.
Presents methods for constructing property price indexes (PPI) that can be utilized by central banks and national statistical organizations.
Proposes ways to construct an PPI that will greatly interest academics concerned with real estate markets.
Contains surprising information about the size of differences in the estimates for the services of owner-occupied housing.