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

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 volume › Conference contribution › Scientific › peer-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 language	Undefined/Unknown
Title of host publication	ENHR Sustainable Urban Areas
Editors	P Boelhouwer, D Groetelaers, E Vogels
Place of Publication	Delft
Publisher	ENHR / Onderzoeksinstituut OTB
Pages	1-20
Number of pages	20
Publication status	Published - 2007
Event	ENHR Intenational Conference 2007 - Delft Duration: 25 Jun 2007 → 28 Jun 2007

Publication series

Name
Publisher	ENHR / Onderzoeksinstituut OTB

Conference

Conference	ENHR Intenational Conference 2007
Period	25/06/07 → 28/06/07

Bibliographical note

Plaats congres: Rotterdam

Keywords

Conf.proc. > 3 pag

Cite this

@inproceedings{226effcdf0f94592b3e7571ed32172ca,

title = "A house price index for the Netherlands: a review of the SPAR method",

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.",

keywords = "Conf.proc. > 3 pag",

author = "{de Vries}, P and AAA Marien and {den Haan}, J and {van der Wal}, E",

note = "Plaats congres: Rotterdam; ENHR Intenational Conference 2007 ; Conference date: 25-06-2007 Through 28-06-2007",

year = "2007",

language = "Undefined/Unknown",

publisher = "ENHR / Onderzoeksinstituut OTB",

pages = "1--20",

editor = "P Boelhouwer and D Groetelaers and E Vogels",

booktitle = "ENHR Sustainable Urban Areas",

}

A house price index for the Netherlands: a review of the SPAR method. / de Vries, P; Marien, AAA; den Haan, J et al.
ENHR Sustainable Urban Areas. ed. / P Boelhouwer; D Groetelaers; E Vogels. Delft: ENHR / Onderzoeksinstituut OTB, 2007. p. 1-20.

Research output: Chapter in Book/Conference proceedings/Edited volume › Conference contribution › Scientific › peer-review

TY - GEN

T1 - A house price index for the Netherlands: a review of the SPAR method

AU - de Vries, P

AU - Marien, AAA

AU - den Haan, J

AU - van der Wal, E

N1 - Plaats congres: Rotterdam

PY - 2007

Y1 - 2007

N2 - 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.

AB - 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.

KW - Conf.proc. > 3 pag

UR - http://www.enhr2007rotterdam.nl/documents/W04_paper_DeVries_etal.pdf

M3 - Conference contribution

SP - 1

EP - 20

BT - ENHR Sustainable Urban Areas

A2 - Boelhouwer, P

A2 - Groetelaers, D

A2 - Vogels, E

PB - ENHR / Onderzoeksinstituut OTB

CY - Delft

T2 - ENHR Intenational Conference 2007

Y2 - 25 June 2007 through 28 June 2007

ER -

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

Abstract

Publication series

Conference

Bibliographical note

Keywords

Other files and links

Cite this