THE ASKING PRICE DEVELOPMENT TO THE MARKET PRICE AND MARKETING TIME ON REAL ESTATE MARKET SEGMENTS
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216305%3A26610%2F18%3APU127823" target="_blank" >RIV/00216305:26610/18:PU127823 - isvavai.cz</a>
Result on the web
<a href="http://dx.doi.org/10.5593/sgemsocial2018H/11" target="_blank" >http://dx.doi.org/10.5593/sgemsocial2018H/11</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.5593/sgemsocial2018H/11" target="_blank" >10.5593/sgemsocial2018H/11</a>
Alternative languages
Result language
angličtina
Original language name
THE ASKING PRICE DEVELOPMENT TO THE MARKET PRICE AND MARKETING TIME ON REAL ESTATE MARKET SEGMENTS
Original language description
Real estate markets show specifics across the particular segments of real estate and also different performance in terms of market efficiency in real time. Moreover each country has some legal framework and other specifics. The paper deals with monitoring of asking price development till realizing a market transaction as the indicator of the market efficiency. Such microeconomics research should determine both the price differences and the duration to sell for individual observation of selected market and segment. The research comprises two real estate market segments in the Czech Republic: family houses and agricultural lands. The data was collected from March to December of 2017 and updated once a week to determine duration of offering, asking price and market price. During the time period 1,807 family houses and 1,638 agricultural lands on offer were monitored on the real estate market and of which 420 family houses and 608 agricultural lands were identified in the Land Register database. Particular transactions with details were provided by the Land Register. Complete observations from asking time till sale were statistically processed. Results were described in terms of market efficiency on a microeconomic basis and also as an application on sales comparison approach of valuation.
Czech name
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Czech description
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Classification
Type
D - Article in proceedings
CEP classification
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OECD FORD branch
50206 - Finance
Result continuities
Project
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Continuities
S - Specificky vyzkum na vysokych skolach
Others
Publication year
2018
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Article name in the collection
Conference proceedings Volume 5
ISBN
978-619-7408-30-0
ISSN
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e-ISSN
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Number of pages
7
Pages from-to
561-567
Publisher name
STEF92 Technology Ltd.
Place of publication
Sofia, Bulgaria
Event location
Vienna
Event date
Mar 19, 2018
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
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