Residential Property Prices in Croatia
|Davor Kunovac and Karlo Kotarac
residential property prices, hedonic regression, time dummy index, generalised additive models, two-dimensional spline splajn
This paper presents the house price index (HPI) based on the data of the Tax Administration of the Republic of Croatia, constructed in cooperation between the Croatian Bureau of Statistics (CBS) and the Croatian National Bank (CNB). The paper also shows how developed econometric models and the Tax Administration database may be used for the (mass) valuation of residential property.