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This article provides a conceptual model for the pathways by which climate change could operate to impact geographies and property markets whose inferior or superior qualities for supporting the built environment are subject to a descriptive theory known as ‘Climate Gentrification.’ The article utilizes Miami-Dade...
This thesis develops a beta version of a new agent-based model of the Danish housing market, which is well suited to throw light on a range of aspects concerning business cycles and macro-prudential regulation. In particular, the model is employed to analyze the effects of...
Markets for domestic housing in countries like England differ from other markets because the stock is fixed in the short term, buyers need to raise mortgages to finance their purchases and prices tend to be set through intermediaries (‘estate agents’ or realtors). We introduce an...
This report presents the Allen Consulting Group’s research, analysis and findings of its study into segmentation in the market for estate agency services in Victoria.
Various location specific attributes cause segmentation of the housing market into submarkets. The question is, whether the most relevant partitioning criteria are directly related to the transaction price or to other, socio-economic and physical, features of the location. On the empirical side, several methods have...
A comparison of house prices brought by English auctions and private negotiations produced evidence that the pricing mechanism matters, with the price maximizing choice a function of the level of market interest.