Polytechnic University of Valencia Congress, 1st International Conference on Business Management

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The Convenience of Applying Multilevel Modeling on Real Estate Valuation
Iván Arribas, Fernando García García, Francisco Guijarro, Javier Oliver

Last modified: 21-07-2015


There are many economic agents interested in valuing big amounts of real estate assets. One of these agents are the financial institutions, which must value their vast mortgage portfolios periodically. In this paper we analyze the use of the Hierarchical Linear Model to value real estate portfolios. This model gives valuable information compared with the traditional OLS models and is more accurate, as it takes into account the hierarchical structure of the data.


DOI: http://dx.doi.org/10.4995/ICBM.2015.1314


hierarchical linear model; real estate valuation

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