In the framework of the standard repeat-sales model to estimate house price indices, we present a new methodology based on the application of a final compound return (FCR) that is constrained to prevent revisions of past values of the index. The proposed technique, being straightforward, has a...

Analysing the existing unbiased estimators for house price indices in the framework of the repeat sales approach, we discuss the necessity to improve the technique revealing its weak points. We present a new methodology based on the application of a final compound return (FCR). The proposed...