ScholarLens Back to search
2001•Unpublished venueRequires access

Construction of a transaction based price index for the Paris housing market

Steffen Sebastian, R. Maurer, Martin Pitzer

Open publisher page 1 citations

Abstract

In this paper, we calculate a transaction based price index for apartments in Paris (France). The heterogeneous character of real estate is taken into account by using a multiple regression model. The functional form is specified using a general Box/Cox-function. The data base covers about 65% of all transactions of the Paris housing market in 1990-1999. Correction for incomplete data leads to a sample of 84†686 transactions. This sample is by far the largest ever used in comparable studies, and is therefore internationally a unique data coverage for a housing market.

About this research paper

What this paper is about

In this paper, we calculate a transaction based price index for apartments in Paris (France). The heterogeneous character of real estate is taken into account by using a multiple regression model. The functional form is specified using a general Box/Cox-function. The data base covers about 65% of all transactions of the Paris housing market in 1990-1999. Correction for incomplete data leads to a sample of 84†686 transactions. This sample is by far the largest ever used in comparable studies, and is therefore internationally a unique data coverage for a housing market.

Why it matters

OpenAlex reports 1 citations for this work. Citation counts describe recorded attention and do not establish research quality.

Key contribution

A contribution statement is not available in the OpenAlex record.

Method / approach

Method details are not available in the OpenAlex metadata.

Main findings

Findings are not separately available in the OpenAlex metadata.

Limitations

Limitations are not available in the OpenAlex metadata.

Applications

Application details are not available in the OpenAlex metadata.

Available abstract

In this paper, we calculate a transaction based price index for apartments in Paris (France). The heterogeneous character of real estate is taken into account by using a multiple regression model. The functional form is specified using a general Box/Cox-function. The data base covers about 65% of all transactions of the Paris housing market in 1990-1999. Correction for incomplete data leads to a sample of 84†686 transactions. This sample is by far the largest ever used in comparable studies, and is therefore internationally a unique data coverage for a housing market.

Key concepts: Database transaction, Index (typography), Sample (material), Real estate, Econometrics, Price index, Function (biology), Transaction data

Related papers

Related paper 1Related paper 2Related paper 3
Back to paper searchBrowse research topicsOriginal source
Construction of a transaction based price index for the Paris housing market — Research Paper | ScholarLens