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Globally, real estate trade is highly regularized. Usually, the market value is not negotiated simply between the seller and potential buyer but based on an assessment performed by a professional valuer, known as a surveyor or appraiser. This paper inquires about the economic role of valuers in...
Persistent link: https://www.econbiz.de/10011372094
Globally, real estate trade is highly regularized. Usually, the market value is not negotiated simply between the seller and potential buyer but based on an assessment performed by a professional valuer, known as a surveyor or appraiser. This paper inquires about the economic role of valuers in...
Persistent link: https://www.econbiz.de/10011349993
homogeneous indices involve the main market operators such as: real estate funds (referring to their IRR forecasting ability …); banks (referring to the estimation of LGD for mortgage loans); investors (referring to their investment's choices). By using …. Finally, we give an example of how the lack of standardization of real estate database affects the LGD's banks forecast …
Persistent link: https://www.econbiz.de/10013150932
How much information should brokers supply on a website? The Internet allows brokers to reduce the cost of providing information to potential buyers. However, brokers may risk disintermediation if they provide too much information. This paper presents a model of a broker's choice of how much...
Persistent link: https://www.econbiz.de/10012752034
This paper studies the geography of competition on Moscow commercial real estate market. We estimate the elasticity of office rental price to the prices of competing objects as a function of the geographical distance. We found that office real estate market in Moscow, although saturated, is...
Persistent link: https://www.econbiz.de/10011400572
Between 2000 and 2007, the gender gap in earnings in the US real estate sector increased, especially in local markets where house prices appreciated relatively more. Firm frictions and the presence of small children in the household do not explain the widening of the gender gap, while sorting on...
Persistent link: https://www.econbiz.de/10014278502
In this paper we discuss the pricing of commercial real estate index linked swaps (CREILS). This particular pricing problem has been studied by Buttimer et al. (1997) in a previous paper. We show that their results are only approximately correct and that the true theoretical price of the swap is...
Persistent link: https://www.econbiz.de/10010281429
This paper studies the geography of competition on Moscow commercial real estate market. We estimate the elasticity of office rental price to the prices of competing objects as a function of the geographical distance. We found that office real estate market in Moscow, although saturated, is...
Persistent link: https://www.econbiz.de/10011478332
The current commission system in real estate brokerage misaligns agent and house seller interests, so real estate agents have strong incentives to mislead their clients by convincing them to sell their houses too cheaply and too quickly. This paper studies, being motivated by the commission...
Persistent link: https://www.econbiz.de/10013067800
Automated valuation models have been in use at least for the last fifty years in both academia and practice, while a proper definition was coined only in the last decade. This could be mostly backed by the fact that research done on the automated valuation models is mostly empirical and...
Persistent link: https://www.econbiz.de/10012918484