Caracterización de la vivienda y determinación de su valor corriente (1980-1990) .
ISSN: 2341-2356
Year of publication: 1998
Issue: 10
Pages: 1-29
Type: Working paper
More publications in: Documentos de Trabajo (ICAE)
Abstract
An interesting paint in welfare evaluatían is how to consider the house where the family lives. In this paper we construct an index, called Housing Quality Index, that synthesizes the characteristics of a house using spanish data. In first place, with this index we can show that house quality has improved in Spain during the decade from 1980 to 1990. In second place, using a free market rental price model, with this index and other relevant explanatory variables, allows us to analyze the influence of quality in fue determination of housing rental prices. With this estimation we are also ablo to predict the market price for any 'tenure' housing as well as to approximate the inflation in this sector during the decade.