ÍNDICE DE PREÇOS HEDÔNICOS PARA IMÓVEIS: UMA ANÁLISE PARA O MUNICÍPIO DE BELO HORIZONTE

Abstract

This paper focuses on measuring the price appreciation of several real estate types between 1995 and 2003. We used as sample transaction values of apartments, houses, huts, shops, halls, warehouses and land in Belo Horizonte. The hedonic pricing method was used once its basic premise is that the price of a marketed good is related to its characteristics. As a result, we could realize that the properties valuation was small in the period, in many cases below the inflation rate, due to the poor economy, high interest rates, and housing credit small volume.

Keywords:
Real estate price indexes; Hedonic price model; Urban economics; Belo Horizonte