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The Property Market: Ninety Per Cent Efficient?

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  • Alan W. Evans

    (Department of Economics, University of Reading, P.O. Box 219, Whiteknights, Reading, Berkshire, RG6 2 AW, UK)

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Suggested Citation

  • Alan W. Evans, 1995. "The Property Market: Ninety Per Cent Efficient?," Urban Studies, Urban Studies Journal Limited, vol. 32(1), pages 5-29, February.
    • Handle: RePEc:sae:urbstu:v:32:y:1995:i:1:p:5-29
    DOI: 10.1080/00420989550013194
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    References listed on IDEAS

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    1. William Rayburn & Michael Devaney & Richard Evans, 1987. "A Test of Weak‐Form Efficiency in Residential Real Estate Returns," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 15(3), pages 220-233, September.
    2. Linneman, Peter, 1986. "An empirical test of the efficiency of the housing market," Journal of Urban Economics, Elsevier, vol. 20(2), pages 140-154, September.
    3. Grossman, Sanford J & Stiglitz, Joseph E, 1980. "On the Impossibility of Informationally Efficient Markets," American Economic Review, American Economic Association, vol. 70(3), pages 393-408, June.
    4. Grether, D. M. & Mieszkowski, Peter, 1974. "Determinants of real estate values," Journal of Urban Economics, Elsevier, vol. 1(2), pages 127-145, April.
    5. J.M. Pogodzinski & Tim R. Sass, 1991. "Measuring the Effects of Municipal Zoning Regulations: A Survey," Urban Studies, Urban Studies Journal Limited, vol. 28(4), pages 597-621, August.
    6. Norman G. Miller, 1978. "Time on the Market and Selling Price," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 6(2), pages 164-174, June.
    7. Darrat, Ali F & Glascock, John L, 1993. "On the Real Estate Market Efficiency," The Journal of Real Estate Finance and Economics, Springer, vol. 7(1), pages 55-72, July.
    8. Case, Karl E & Shiller, Robert J, 1989. "The Efficiency of the Market for Single-Family Homes," American Economic Review, American Economic Association, vol. 79(1), pages 125-137, March.
    9. Jensen, Michael C., 1978. "Some anomalous evidence regarding market efficiency," Journal of Financial Economics, Elsevier, vol. 6(2-3), pages 95-101.
    10. Robert R. Trippi, 1977. "Estimating the Relationship between Price and Time to Sale for Investment Property," Management Science, INFORMS, vol. 23(8), pages 838-842, April.
    11. Ferreira, Eurico J & Sirmans, G Stacy, 1989. "Selling Price, Financing Premiums, and Days on the Market," The Journal of Real Estate Finance and Economics, Springer, vol. 2(3), pages 209-222, September.
    12. Darrat, Ali F & Glascock, John L, 1989. "Real Estate Returns, Money and Fiscal Deficits: Is the Real Estate Market Efficient?," The Journal of Real Estate Finance and Economics, Springer, vol. 2(3), pages 197-208, September.
    13. Donald Haurin, 1988. "The Duration of Marketing Time of Residential Housing," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 16(4), pages 396-410, December.
    14. Allen, Paul R & Shilling, James D & Sirmans, C F, 1987. "Contracting, Contingencies and Single-Family House Prices," Economic Inquiry, Western Economic Association International, vol. 25(1), pages 159-164, January.
    15. Alan W. Evans, 1973. "The Economics of Residential Location," Palgrave Macmillan Books, Palgrave Macmillan, number 978-1-349-01889-5, October.
    16. Fama, Eugene F, 1970. "Efficient Capital Markets: A Review of Theory and Empirical Work," Journal of Finance, American Finance Association, vol. 25(2), pages 383-417, May.
    17. George W. Gau, 1987. "Efficient Real Estate Markets: Paradox or Paradigm?†," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 15(2), pages 1-12, June.
    18. George W. Gau, 1985. "Public Information and Abnormal Returns in Real Estate Investment," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 13(1), pages 15-31, March.
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    Cited by:

    1. Gunther Maier & Shanaka Herath, 2009. "Real Estate Market Efficiency: A Survey of Literature," ERES eres2009_155, European Real Estate Society (ERES).
    2. Agnieszka Małkowska & Małgorzata Uhruska & Mateusz Tomal, 2019. "Age and Experience versus Susceptibility to Client Pressure among Property Valuation Professionals—Implications for Rethinking Institutional Framework," Sustainability, MDPI, vol. 11(23), pages 1-23, November.
    3. Chris Leishman & Colin Jones & Will Fraser, 2000. "The influence of uncertainty on house builder behaviour and residential land values," Journal of Property Research, Taylor & Francis Journals, vol. 17(2), pages 147-168, January.
    4. George Matysiak & Gerald Brown, 1997. "A time-varying analysis of abnormal performance of UK property companies," Applied Financial Economics, Taylor & Francis Journals, vol. 7(4), pages 367-377.
    5. Zan Yang & Shuping Wu, 2019. "Land acquisition outcome, developer risk attitude and land development timing," The Journal of Real Estate Finance and Economics, Springer, vol. 59(2), pages 233-271, August.

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