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This paper analyzes the idiosyncratic component in price changes for a single house compared to the related house price indices. The results indicate that homeowners would still have a great deal of risk to carry despite hedging themselves with such kind of index based products. The central question in this paper is: What impact might taxation have on the volatility of house prices? measures of house price volatility for Denmark, Germany, the Netherlands, UK and USA will be compared.

Author

Besmira Dyca

Language

EN