Gubman, Y, Fleishman, L and Koblyakova, A ORCID: https://orcid.org/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 |
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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: | Number Type 10.1080/10527001.2020.1827616 DOI |
Divisions: | Schools > School of Architecture, Design and the Built Environment |
Record created by: | Jonathan Gallacher |
Date Added: | 18 Apr 2019 12:53 |
Last Modified: | 26 Apr 2022 03:00 |
URI: | https://irep.ntu.ac.uk/id/eprint/36333 |
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