The COVID-19 pandemic has affected various aspects of people's lives, including housing. Research has argued that the economic impact of the pandemic includes stagnancy in the real estate markets. Similarly, Indonesian real-estate market players have reported declining demand for high-rise and...

Hedonic house price indices adjust the average sales prices for the change in the quality of the property sold over time. This paper proposes a framework to disentangle the contribution of each individual dwelling characteristic to this quality change. We apply our framework to a unique dataset...