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- W1993801564 abstract "Purpose In recent years, housing prices and rents have recorded impressive growth in Iran. Several observers believe that real estate agents have had a significant effect on this phenomenon. However, some do not agree with this viewpoint and argue that the role of real estate agents is not that much and housing prices and rents are affected by macroeconomic factors. The purpose of this paper is to investigate whether real estate agents can influence housing prices and rents across provinces of Iran. Design/methodology/approach Applying panel data technique, this paper uses observations from 28 provinces of Iran covering 2000 and 2003 to examine the role of real estate agents on housing prices and rents. Findings The empirical results indicate that the increased number of real estate agents and their activities positively significantly stimulate housing prices and rents. Research limitations/implications To the author's knowledge, most studies in this area cover the US and European real estate markets. Since findings for developed countries might not be directly transferable to emerging market economies such as Iran, more work is necessary to obtain a clearer picture of the role of real estate agents on housing prices and rents in emerging economies. Originality/value Although there has been a series of cross‐sectional studies published in this area, few empirical works have examined the effects of real estate agents on housing prices and rents by applying panel data set. The paper begins to fill this gap by analyzing a data sample of 28 provinces of Iran covering 2000 and 2003." @default.
- W1993801564 created "2016-06-24" @default.
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- W1993801564 date "2012-06-01" @default.
- W1993801564 modified "2023-09-25" @default.
- W1993801564 title "The role of real estate agents on housing prices and rents: the Iranian experience" @default.
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- W1993801564 doi "https://doi.org/10.1108/17538271211225896" @default.
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