Improving the transparency of housing markets in the UK and overseas

Description of impact

Housing markets require reliable and accessible information on price trends and market values to work efficiently. The University of Aberdeen Business School has conducted methodologically robust research on house price indices and automated valuation models (AVMs) that has examined how such indices and valuation models should be constructed and implemented to be accurate and timely in order to address the needs of end-users. Property owners and would-be owners, solicitors, developers, and local politicians are all interested in reliable and timely information on price trends, market sentiment, and estimates of market values of specific properties. The University of Aberdeen Business School has also been actively involved in the development and production of price indices and valuation models in Scotland, more widely Switzerland and Germany.

Themes

* Informing house price indices in Aberdeen/shire
* Demonstrating the wider application of the AHMR to new users
* Improving automated valuation models and services for the main hedonistic index for the Swiss market
* Introducing AVS to the Berlin real estate market

Impact status	Impact Completed (Open)
Impact date	2012 → 2020