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Measuring heterogeneity of house price developments in Hungary, 1990-2016

Banai, Ádám and Vágó, Nikolett and Winkler, Sándor (2018) Measuring heterogeneity of house price developments in Hungary, 1990-2016. Acta Oeconomica, 68 (3). pp. 377-414. ISSN 0001-6373

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Abstract

This study presents the detailed methodology of generating house price indices for the Hungarian market. The index family is an expansion of the Hungarian housing market statistics in several regards. The nationwide index is derived from a database starting from 1990, and thus the national index is regarded as the longest in comparison to the house price indices available so far. The long time series allow us to observe and compare the real levels of house prices across economic cycles. Another important innovation of this index family is its ability to capture house developments by regions and settlement types, which sheds light on the strong regional heterogeneity underlying the Hungarian housing market.

Item Type: Article
Subjects: H Social Sciences / társadalomtudományok > H Social Sciences (General) / társadalomtudomány általában
Depositing User: Eszter Bálint
Date Deposited: 12 Dec 2018 11:30
Last Modified: 30 Sep 2020 23:19
URI: http://real.mtak.hu/id/eprint/88461

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