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.
Source:
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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