Print Email Facebook Twitter Determinants of the house prices in Romania: How to measure house prices in a new EU state Title Determinants of the house prices in Romania: How to measure house prices in a new EU state Author De Vries, P. Faber, R. Faculty OTB Research Institute Department Sectie VWM Date 2009-07-01 Abstract This paper examines the construction of real estate databases and the valuation of properties in Buz?u, Romania. One of the criteria for candidate states for EU membership is an effective monitoring system for the land and real estate markets. The objective of this paper is twofold. First, the development of a set of databases, procedures and guidelines that enables a valuation process on the Romanian real estate market and secondly, using those databases, to gain insight into the real market value of recently sold properties. We use the observations of estate agents and banks starting in May 2007. Using hedonic regression, with house and neighbourhood characteristics, we estimate the house prices. To reference this document use: http://resolver.tudelft.nl/uuid:19c351bc-95c1-4daf-a421-adb4dba94b34 Publisher European Real Estate Society Source ERES 2009: European Real Estate Society Conference, Stockholm, Sweden, 24-27 June 2009 Part of collection Institutional Repository Document type conference paper Rights (c) 2009 De Vries, P.Faber, R. Files PDF 235471.pdf 184.71 KB PDF eres2009_272.content.pdf 1.82 MB Close viewer /islandora/object/uuid:19c351bc-95c1-4daf-a421-adb4dba94b34/datastream/OBJ2/view