Every house is different. It is important that house price indexes take account of these quality differences. Hedonic methods which express house prices as a function of a vector of characteristics (such as number of bedrooms and bathrooms, land area and location) are particularly useful for...

The beneficial energy and environmental consequences of replacing fossil-fuelled central electricity generating stations are significant.

Purpose - One way of detecting departures from equilibrium is by comparing house prices and rents. Here I assess the viability of this approach.Design/methodology - Error-correction models (ECMs) based on price and rent indexes can be used to forecast movements in house prices. The short-term...