In accordance with the IVSC standards, the statistical valuation methods or mass appraisal can be used in the real estate valuation as the basis of ad-valorem taxation of property. Also, the statistical valuation can be used to determine how to distribute the financial benefits to government or...

This article presents the stages of the process used to develop statistical multiple linear regression type for the automated valuation of real estate, necessary in mass appraisal. Two examples of assessment models have been developed through multiple linear regressions. These have additive...

We present a simple hedonic model for apartment prices in Moscow in the year 2003. Based on some 15,000 observations we estimate the model and use the estimates for prediction. Pretest issues are explicitly taken into account.

We combine the real estate model of Potepan (1996) with the spatial equilibrium approach of Roback (1982) to prove the interdependency of housing prices, rental prices, building land prices and income via one simultaneous equilibrium analysis. Using unique cross-sectional data on the majority of...

Recently housing markets have played a crucial role in macroeconomic developments. Optimistic housing markets have contributed to sustained economic activity in most OECD countries during the first years of the 2000s. Nevertheless many markets overheated and the collapse of the US subprime...

In this paper, the authors construct a unique data set of Internet offer prices for flats in 48 large European cities from 24 countries. The data are collected between January and May 2012 from 33 websites, where the advertisements of flats for sale are placed. Using the resulting sample of...

When speculative price bubbles on real estate markets burst, the results are often distortions in the real economy, associated with substantial losses in production and employment. This paper discusses the degree to which institutional frameworks can prevent speculative bubbles from forming and...

The construction or expansion of an airport leads to a significant increase in aircraft noise in the surrounding area, which, in turn, results in a marked reduction in the prices of houses or apartments located under the planned flight paths. Even expectations about future noise pollution can...

¡°Spatial thinking¡± is increasingly popular in housing market studies and spatial dependence across properties has been widely investigated in the intra-city housing market. The contribution of this paper is to study the spatial dependence and spillover effect of house prices from...

This paper analyses the impact of electromagnetic pollution, noise and air pollution on the rent level for the aggregated and disaggregated market in the city of Zurich, Switzerland. Although there is no conclusive assessment about the health impacts of electromagnetic radiation people are...