Unifying House Price Volatility Determinant Factors through a House Price Metamodel Framework

Abstract:

House prices are proving to be more volatile than goods prices and also founded to be more volatile than incomes in many household. The changes in house price volatility determinants also will involve the property market. We introduce the use of a metamodelling technique to manage knowledge of the house price volatility determinant factors and all concepts related to these factors. Through metamodelling, the technique will produces an artifact called a ‘metamodel’ which capable to gather and generalize all domain concepts and their relationships. Particularly for this domain, the House Price Volatility Metamodel (HPVM) is developed.                                                                                                   

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