Definition: Representative property

Housing price statistics

A property, or category of properties, that accounts for a significant proportion of the total expenditures within some aggregate, and/or for which the average price change is expected to be close to the average for all properties within the aggregate.
Eurostat, International Labour Organization (ILO), International Monetary Fund (IMF), Organisation for Economic Co-operation and Development (OECD), United Nations Economic Commission for Europe (UNECE), The World Bank, "Handbook on Residential Property Prices Indices (RPPIs)", Publications Office of the European Union, Luxembourg, 2013

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