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• W2033047681 abstract "Purpose – A significant number of published empirical studies of real estate auctions abound in real estate literature. These studies focus on the auction price formation process through the comparison of sales from different auctions to revenue from private negotiations. While these studies have made useful contributions to the literature, they are largely confined to data emanating from auctions in the UK format. Other auction formats have been virtually ignored; thus creating a gap in the literature. This study, therefore seeks to extend research in the auction price formation process through an empirical analysis of transaction prices from the perspective of another auction format: first sealed bid auction.Design/methodology/approach – The data for this study consist of a sample size of 120 residential properties sold at auction of the Federal Government Landed Properties (FGLP) in Ikoyi, Lagos, Nigeria. Transaction data for each of the sampled properties were compiled from Vol. 11, No. 3834 of Thisda..." @default.
• W2033047681 created "2016-06-24" @default.
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• W2033047681 date "2008-08-15" @default.
• W2033047681 modified "2023-09-25" @default.
• W2033047681 title "Price formation in residential property market: evidence from FGLP auction in Nigeria" @default.
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• W2033047681 doi "https://doi.org/10.1108/02637470810894876" @default.
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