It is very difficult to develop a national housing price index for a country with continental dimensions and the level of cultural and economic diversity such as Brazil. In addition, even at large metropolitan areas, there is a lack of information regarding the actual price of the real estate transactions and the characteristics of those units. The authors propose a model for developing an index of local markets based on information made available during the release of new residential real estate properties.
price index; new housing; local markets; condos; real estate
