A house price index based on the SPAR method

P de Vries, J den Haan, AAA Marien, E van der Wal

    Research output: Chapter in Book/Conference proceedings/Edited volumeConference contributionScientific

    Abstract

    SPAR (Sale Price Appraisal Ratio) is a model for constructing House Price Indexes on the basis of the ratios of transaction prices and previous Appraisal Values. It has been applied in New Zealand, Sweden and Denmark. This paper assesses the reliability of Appraisal Value and compares the SPAR Index with the Repeat Sales Index and the Hedonic Index based on the same transaction data. It presents preliminary empirical results for the Netherlands over a ten-year period. As SPAR appears to have more to offer than the more traditional methods, government agencies elsewhere would be well advised to consider it when developing indexes for price movements in the housing stock.
    Original languageUndefined/Unknown
    Title of host publicationCambridge-UNC Symposium risk management & property valua at risk
    EditorsR Buttimer, K Patel
    Place of PublicationCascais, Portugal
    PublisherImométrica
    Pages308-329
    Number of pages22
    Publication statusPublished - 2007
    EventThe Cambridge ¿ UNC Charlotte Symposium on Real Estate Risk Management - Cascais, Portugal
    Duration: 15 Jun 200717 Jun 2007

    Publication series

    Name
    PublisherImométrica

    Conference

    ConferenceThe Cambridge ¿ UNC Charlotte Symposium on Real Estate Risk Management
    Period15/06/0717/06/07

    Keywords

    • Conf.proc. > 3 pag

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