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Property valuation and the structure of urban housing markets

By: Language: English Series: Journal of Property Investment and Finance ; 17 (2) February 1999, 157-169(10)Publication details: 1999Subject(s): Summary: Study comparing the performance of two forms of multiple regression analysis (MRA) in property valuation, one `traditional` and one that takes into account the existence of submarkets for different dwelling types. The second has significantly lower (weighted) standard error. Proposes a two stage model to the application of MRA techniques to residential valuation.

Study comparing the performance of two forms of multiple regression analysis (MRA) in property valuation, one `traditional` and one that takes into account the existence of submarkets for different dwelling types. The second has significantly lower (weighted) standard error. Proposes a two stage model to the application of MRA techniques to residential valuation.