Pricing and Time on the Market for Residential Properties in a Major U.K. City
Pricing and Time on the Market for Residential Properties in a Major U.K. City
复制标题
英国主要城市住宅物业的定价和上市时间
DOI:
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发表时间:
2009
期刊:
影响因子:
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通讯作者:
James Webb
中科院分区:
文献类型:
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作者:
S. McGreal;A. Adair;Claire Brown;James Webb
The pricing and length of time to sell single-family residential properties is a function of the interaction between buyer and seller behavior. This study estimates value effects in relation to the time on the market for residential properties within the Belfast (U.K.) metropolitan area. Three distinctive characteristics of the market are highlighted. First, the majority of sales are at a premium to the list price. Second, different factors influence time-on-the-market for premium and discount sales. Third, the marketing period is examined for three events: listing to sales agreement, sales agreement to completion, and listing to completion.