House prices Housing market Ireland Quantitative methods Price indices
Economic & Social Research Institute
Conniffe, Denis; Duffy, David. 'Irish house price indices — methodological issues'. - Economic & Social Review, Vol. 30, No. 4, October, 1999, pp. 403-423, Dublin: Economic & Social Research Institute
This paper reviews the international literature on house price indices, looking at the basic methodologies employed, the variables chosen for the indices and the functional forms used. Ideas are sought for future improvements to an Irish index and tentative assessments are made of how Irish results correspond to published research findings. Although the recent vintage of hedonic house price indices in Ireland warrants caution in reaching conclusions, there are interesting correspondences with published results. Some issues are identified that will require resolution to achieve further progress.
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