This study examines how heterogeneous traders on both sides of transactions behave in the housing market under … the empirical tests. Non-local housing buyers in Hong Kong pay a 2.8% premium over local buyers in the second-hand market … for housing units with similar observable attributes. We distinguish real estate developers from sellers in the second …

In developing countries, potential home-buyers lack accurate information about housing projects. Insecure property … introduction of a reform in India, mandating developers to make details about housing projects public, led to a 5%-6% decline in … the price effects across housing sub-markets and income groups. The reform led to a decline in prices of lemons only in …