A house price index for the Netherlands: a review of the SPAR method

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

    Research output: Chapter in Book/Conference proceedings/Edited volumeConference contributionScientificpeer-review

    Abstract

    The so-called Sale Price Appraisol Ratio (SPAR) method has been applied in a number of countries to construct house price indexes. The method, which uses ratios of transaction prices and previous appraised values to build up an index, has been applied in New Zealand, Sweden and Denmark. This paper discusses the statistical properties of the SPAR price indexes and compares the SPAR with Repeat Sales Index created from the same transactions data. Preliminary empirical results for the Netherlands covering a period of over ten years are presented. 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 publicationENHR Sustainable Urban Areas
    EditorsP Boelhouwer, D Groetelaers, E Vogels
    Place of PublicationDelft
    PublisherENHR / Onderzoeksinstituut OTB
    Pages1-20
    Number of pages20
    Publication statusPublished - 2007
    EventENHR Intenational Conference 2007 - Delft
    Duration: 25 Jun 200728 Jun 2007

    Publication series

    Name
    PublisherENHR / Onderzoeksinstituut OTB

    Conference

    ConferenceENHR Intenational Conference 2007
    Period25/06/0728/06/07

    Bibliographical note

    Plaats congres: Rotterdam

    Keywords

    • Conf.proc. > 3 pag

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