Valuation modelling within thin housing markets case study: Arab housing market in Israel

Gubman, Y., Fleishman, L. and Koblyakova, A. ORCID: 0000-0001-9557-3693, 2020. Valuation modelling within thin housing markets case study: Arab housing market in Israel. Journal of Housing Research, 29 (1), pp. 34-53. ISSN 1052-7001

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Abstract

The primary aim of this paper is to introduce valuation modeling applicable to thin housing markets, with a focus on the Arab housing sector in Israel. The estimation procedure utilizes two input values: transaction data and subjective valuations provided by property owners, the data for which are derived from the Israel Tax Authority (ITA) and the Household Expenditure Survey (HES). Average property values are also weighted and ranked according to location, size, and average income factors. The main contribution of these modeling techniques is that they can be employed to estimate the residential property values in markets that experience a low frequency of housing transactions and where information is limited, with the added benefit of understanding housing value movement and market dynamics. Housing policies could be influenced by this deeper understanding of house price behavior within localities and submarkets, potentially with the ability to monitor changes in dwelling values and segmentation and segregation effects.

Item Type: Journal article
Publication Title: Journal of Housing Research
Creators: Gubman, Y., Fleishman, L. and Koblyakova, A.
Publisher: American Real Estate Society
Date: 2020
Volume: 29
Number: 1
ISSN: 1052-7001
Identifiers:
NumberType
10.1080/10527001.2020.1827616DOI
Divisions: Schools > School of Architecture, Design and the Built Environment
Record created by: Jonathan Gallacher
Date Added: 18 Apr 2019 12:53
Last Modified: 16 Feb 2021 12:52
URI: http://irep.ntu.ac.uk/id/eprint/36333

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