Spatial dependence in apartment transaction prices during boom and bust
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DOI: 10.1016/j.regsciurbeco.2017.11.001
Abstract: Due to the illiquid and intransparent nature of housing markets, property sellers and buyers may hugely rely on information about transaction prices of nearby properties with comparable characteristics to agree upon a transaction price. We… read more here.
Keywords: spatial dependence; transaction; market; transaction prices ... See more keywords