Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/144636
Authors: 
Albuquerque, Pedro H. M.
Furtado, Bernardo Alves
Year of Publication: 
2016
Series/Report no.: 
Texto para Discussão, Instituto de Pesquisa Econômica Aplicada (IPEA) 2200
Abstract (Translated): 
This paper is a theoretical review of consumer price indices, with an emphasis on the specifics of the real estate market, highlighting advantages and limitations. It discusses the following indices of average prices: Laspeyres, Paasche, Fisher and Jevons. In addition, it presents two variations of construction by hedonic methods: with insertion of dummy variables and imputation. Typical specificities of the real estate market, such as property attributes, its long temporality and urban insertion, recommend greater care when building indices for the housing market. The paper presents some recent theoretical advances for the real estate market and concludes with a brief application for Sao Paulo.
Subjects: 
prices indices
real estate market
Sao Paulo
JEL: 
C43
R32
E31
Document Type: 
Working Paper

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