This metadata document provides details of the data used for the dissertation: “Improving Commercial Property Price Statistics”. The study explores data related and methodological challenges in the construction of price statistics for commercial real estate.
Short abstract of the dissertationSince the financial crisis of 2008, National Statistical Institutes (NSIs) have worked to develop commercial real estate (CRE) indicators for official statistics. These indicators are considered essential in financial stability monitoring and may help contain the consequences of future crises or even prevent future crises. However, progress at NSIs to develop these indicators has been slow due to challenges like low observation numbers and high heterogeneity. This dissertation addresses these challenges by exploring data issues and suggesting methodological improvements.
The first three studies focus on data challenges regarding share deals and portfolio sales. Both are real estate trading constructions that are specific to CRE. The results show that share deals and …