Stock up on textbooks with 40% off + FREE shipping or choose from thousands of Protocols eBooks at just 9.99 each!

Advances in Japanese Business and Economics
cover

Property Price Index

Theory and Practice

Authors: Diewert, E., Nishimura, K.G., Watanabe, T., Shimizu, C.

  • Presents methods for constructing property price indexes that can be utilized by central banks and national statistical organizations
  • Proposes ways to construct an RPPI that will greatly interest academics concerned with real estate markets
  • Contains surprising information about the size of differences in the estimates for the services of owner-occupied housing
see more benefits

Buy this book

eBook  
  • ISBN 978-4-431-55942-9
  • Digitally watermarked, DRM-free
  • Included format:
  • ebooks can be used on all reading devices
Hardcover ca. 135,19 €
price for Spain (gross)
  • Due: February 29, 2020
  • ISBN 978-4-431-55940-5
  • Free shipping for individuals worldwide
  • The final prices may differ from the prices shown due to specifics of VAT rules
About this book

This book answers the question of how exactly property price indexes should be constructed. The formation and collapse of property bubbles has had a profound impact on the economic administration of many nations. The property price bubble that began around the mid-1980s in Japan has been called the 20th century's biggest bubble. In its aftermath, the country faced a period of long-term economic stagnation dubbed the "lost decade." Sweden and the United States have also faced collapses of property bubbles in the 20th and early 21st centuries, respectively.

It has been pointed out that the "information gap" that existed between policy-making authorities and the property (including housing) and financial markets was a problem. In 2009, the IMF proposed the creation of a housing price index to the G20 in order to fill this information gap, and the proposal was adopted. Furthermore, in 2011, it was suggested that the next economic crisis would be caused by a bubble in commercial property prices, and it was decided to create a commercial property index as well.

This book provides practical examples of how the theory of property price indexes can be applied to the issues of property as a non-homogenous good and a technological and environmental change. 

Buy this book

eBook  
  • ISBN 978-4-431-55942-9
  • Digitally watermarked, DRM-free
  • Included format:
  • ebooks can be used on all reading devices
Hardcover ca. 135,19 €
price for Spain (gross)
  • Due: February 29, 2020
  • ISBN 978-4-431-55940-5
  • Free shipping for individuals worldwide
  • The final prices may differ from the prices shown due to specifics of VAT rules

Services for this Book

Recommended for you

Loading...

Bibliographic Information

Bibliographic Information
Book Title
Property Price Index
Book Subtitle
Theory and Practice
Authors
Series Title
Advances in Japanese Business and Economics
Copyright
2020
Publisher
Springer Japan
Copyright Holder
Springer Japan KK, part of Springer Nature
eBook ISBN
978-4-431-55942-9
Hardcover ISBN
978-4-431-55940-5
Series ISSN
2197-8859
Edition Number
1
Number of Illustrations
50 b/w illustrations
Topics