{"title":"A bubble in the housing market? Analysis based on the repeat-sales method for the secondary market in Moscow and Saint Petersburg","authors":"Anastasia Kosyakina","doi":"10.22394/1993-7601-2023-70-72-88","DOIUrl":null,"url":null,"abstract":"A modification of the repeat-sales method is proposed, which allows estimating housing price indices taking into account changes in the qualitative characteristics of the properties being sold over time, as well as limitations in Russian data. The results of evaluation of indices for Moscow and St. Petersburg are given. It is concluded that in real terms and taking into account the change in the quality of purchased objects, the price levels for the secondary housing in these cities at the end of 2021 are comparable to the level of the end of 2012.","PeriodicalId":8045,"journal":{"name":"Applied Econometrics","volume":"1 1","pages":""},"PeriodicalIF":0.0000,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Applied Econometrics","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.22394/1993-7601-2023-70-72-88","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"Economics, Econometrics and Finance","Score":null,"Total":0}
引用次数: 0
Abstract
A modification of the repeat-sales method is proposed, which allows estimating housing price indices taking into account changes in the qualitative characteristics of the properties being sold over time, as well as limitations in Russian data. The results of evaluation of indices for Moscow and St. Petersburg are given. It is concluded that in real terms and taking into account the change in the quality of purchased objects, the price levels for the secondary housing in these cities at the end of 2021 are comparable to the level of the end of 2012.
Applied EconometricsEconomics, Econometrics and Finance-Economics, Econometrics and Finance (miscellaneous)
CiteScore
0.70
自引率
0.00%
发文量
0
期刊介绍：
The Journal of Applied Econometrics is an international journal published bi-monthly, plus 1 additional issue (total 7 issues). It aims to publish articles of high quality dealing with the application of existing as well as new econometric techniques to a wide variety of problems in economics and related subjects, covering topics in measurement, estimation, testing, forecasting, and policy analysis. The emphasis is on the careful and rigorous application of econometric techniques and the appropriate interpretation of the results. The economic content of the articles is stressed. A special feature of the Journal is its emphasis on the replicability of results by other researchers. To achieve this aim, authors are expected to make available a complete set of the data used as well as any specialised computer programs employed through a readily accessible medium, preferably in a machine-readable form. The use of microcomputers in applied research and transferability of data is emphasised. The Journal also features occasional sections of short papers re-evaluating previously published papers. The intention of the Journal of Applied Econometrics is to provide an outlet for innovative, quantitative research in economics which cuts across areas of specialisation, involves transferable techniques, and is easily replicable by other researchers. Contributions that introduce statistical methods that are applicable to a variety of economic problems are actively encouraged. The Journal also aims to publish review and survey articles that make recent developments in the field of theoretical and applied econometrics more readily accessible to applied economists in general.
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