The purpose of this paper is to develop constant quality price indices for three categories of real estate: apartment building, vacant land, and condominiums for the city of Geneva, Switzerland. We use both the hedonic and repeat sales models to estimate the price level and, in turn, the rate of...

In this paper constant quality price indices are constructed for three categories of real estate in Geneva: apartment buildings, vacant land and condominiums. We use both the hedonic and repeat sales models to estimate the rate of price change on these three submarkets. For apartment buildings,...

This paper develops constant-quality price indices for three categories of real estate-apartment buildings, vacant land, and condominiums--for the city of Geneva, Switzerland. We use both the hedonic and repeat sales models to estimate the price level and, in turn, the rate of price change. The...