Saturday, Nov 18, 2006

Land reg house price figures explained

Firstrung: Land Registry house price index - why repeat sales regression is the best method of comparison

Repeat Sales Regression uses "unique comparables" - comparing the value of a property to itself over time. It says that the value of all of the characteristics of a property is wrapped up in the price someone will pay for it. After all, that's really the only measure of value which counts. This means that if we know what a property sold for in the past, and what it sold for recently, we can know what the change in value of the combination of characteristics that make up that property over time.

Posted by converted lurker @ 03:09 PM (443 views)
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