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Bargaining over Residential Real Estate: Evidence form England

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  • Francois Ortalo-Magne

Abstract

This paper presents and investigates a new data set of individual residential property transactions in England. The main novelty of the data is the record of all listing price changes and all offers ever made on a property since it appears on the market, as well as all the visits by potential buyers for a subset of the sample. We analyse individual seller and potential buyers behaviour within property transaction histories. This leads us to establish a number of stylised facts pertaining specifically to the timing and terms of agreement in housing transactions, and more generally, to the sequence of events that occur form initial listing to sale agreement.

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  • Francois Ortalo-Magne, 2001. "Bargaining over Residential Real Estate: Evidence form England," ERES eres2001_251, European Real Estate Society (ERES).
    • Handle: RePEc:arz:wpaper:eres2001_251
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    More about this item

    JEL classification:

    • R3 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location

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