Constructing a House Price Index for Saudi Arabia
نویسندگان
چکیده
House price movements have a significant influence on the economy. These can dramatically affect household wealth and shift consumer spending. Unfortunately, house index development in Saudi Arabia is fragile, data quality suffers from severe errors due to administrative negligence. Therefore, k-means clustering algorithm technique was used correct these appropriately redefine property type. This study attempts overcome improve transparency support literature Arabian real estate market as well Middle East North African markets. I compared official of General Authority for Statistics GASTAT with proposed mix adjustment repeat-sales constructed same transaction data. conclude that there are considerable concerns regarding index’s credibility accuracy. first attempt construct sophisticated indices citywide national levels. also provide stratification repeat sales Arabia. They illustrate business cycle time adequately measure pure
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ژورنال
عنوان ژورنال: The journal of real estate portfolio management
سال: 2022
ISSN: ['2691-1205', '1083-5547']
DOI: https://doi.org/10.1080/10835547.2022.2105530