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dc.contributor.authorO'Hanlon, Niall
dc.date.accessioned2012-02-22T16:57:22Z
dc.date.available2012-02-22T16:57:22Z
dc.date.issued2011
dc.identifier.citationO'Hanlon, Niall. 'Constructing a national house price index for Ireland'. - Dublin: Statistical and Social Inquiry Society of Ireland, Vol.40, 2011, pp167-196en
dc.identifier.issn00814776
dc.identifier.otherJEL R31
dc.identifier.otherJEL O18
dc.identifier.urihttp://hdl.handle.net/2262/62349
dc.descriptionread before the Society, 19 May 2011en
dc.description.abstractThe Central Statistics Office will publish the first results of its national House Price Index on May 13th 2011. This hedonic index is constructed using data on mortgage drawdowns by eight lending institutions under Section 13 of the Housing Act (2002). This paper describes how the development of the index has been largely driven by an impending European legislative requirement to produce indices of the costs of Owner Occupied Housing in the context of the Harmonised Index of Consumer Prices. It discusses the limitations of data on Irish residential property transactions in the context of the national House Price Index and the proposed register of property transactions. Practical considerations covering the treatment of data, the design of the hedonic functions, the rolling year regression model employed and the weighting of sub indices to form a composite national index are described. The index results are examined in the context of some of the other measures of house prices in Ireland. Finally, the paper explores some future challenges for further development of the measurement of residential property prices in Ireland.en
dc.language.isoenen
dc.publisherStatistical and Social Inquiry Society of Irelanden
dc.relation.ispartofseriesJournal of the Statistical and Social Inquiry Society of Ireland;
dc.relation.ispartofseriesVol. 40, 2010-11;
dc.subjecthousing marketen
dc.subjecthousing dataen
dc.subjecthouse price indexen
dc.subject.ddc314.15
dc.titleConstructing a national house price index for Irelanden
dc.typeJournal Articleen
dc.status.refereedYes
dc.identifier.rssurihttp://www.ssisi.ie


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