FRINK Linked Data Fragments server

Matches in SemOpenAlex for { <https://semopenalex.org/work/W4295641329> ?p ?o ?g. }

• W4295641329 endingPage "481" @default.
• W4295641329 startingPage "463" @default.
• W4295641329 abstract "Purpose This paper examines the price setting behaviour over time and space in the Athens residential market. In periods of house price inflation asking prices are often based upon the last observed highest selling price achieved for a similar property in the same micro-location. However, in a falling market, prices may be rigid downwards and less sensitive to the most recent transaction prices, weakening spatial effects. Furthermore, the paper considers whether future price expectations affect price setting behaviour. Design/methodology/approach The paper employs a dataset of approximately 24,500 property values from 2007 until 2014 in Athens incorporating characteristics and locational variables. The authors begin by estimating a baseline hedonic price model using property characteristics, neighbourhood amenities and location effects. Following this, a spatio-temporal autoregressive (STAR) model is estimated. Running separate models, the authors account for spatial dependence from historic valuations, contemporaneous peer effects and expectations effects. Findings The initial STAR model shows significant spatial and temporal effects, the former remaining important in a falling market contrasting with previous literature findings. In the second STAR model, whilst past sales effects remain significant although smaller, contemporaneous and price expectations effects are also found to be significant, the latter capturing anchoring and slow adjustment heuristics in price setting behaviour. Research limitations/implications As valuations used in the database are based upon comparable sales, then in the recessionary periods covered in the dataset, finding comparables may have become more difficult, and hence this, in turn, may have impacted on valuation accuracy. Practical implications In addition to past effects, contemporaneous transactions and expected future values need to be taken in consideration in analysing spatial interactions in housing markets. These factors will influence housing markets in different cities and countries. Social implications The information content of property valuations should more carefully consider the relative importance of different components of asking prices. Originality/value This is the first paper to use transactions data over a period of falling house prices in Athens and to consider current and future values in addition to past values in a spatio-temporal context." @default.
• W4295641329 created "2022-09-14" @default.
• W4295641329 creator A5021959547 @default.
• W4295641329 creator A5054142572 @default.
• W4295641329 date "2022-09-16" @default.
• W4295641329 modified "2023-10-18" @default.
• W4295641329 title "Buyer behaviour and price expectations: a spatial analysis of the Athens residential market" @default.
• W4295641329 cites W1528096415 @default.
• W4295641329 cites W1538208629 @default.
• W4295641329 cites W1582846375 @default.
• W4295641329 cites W1965988715 @default.
• W4295641329 cites W1971106287 @default.
• W4295641329 cites W1982669413 @default.
• W4295641329 cites W1985596952 @default.
• W4295641329 cites W1996279249 @default.
• W4295641329 cites W1997538385 @default.
• W4295641329 cites W2020351153 @default.
• W4295641329 cites W2021426755 @default.
• W4295641329 cites W2027826357 @default.
• W4295641329 cites W2029029049 @default.
• W4295641329 cites W2047079285 @default.
• W4295641329 cites W2049291692 @default.
• W4295641329 cites W2053718621 @default.
• W4295641329 cites W2053883029 @default.
• W4295641329 cites W2075651857 @default.
• W4295641329 cites W2077380551 @default.
• W4295641329 cites W2078214086 @default.
• W4295641329 cites W2085247829 @default.
• W4295641329 cites W2121939628 @default.
• W4295641329 cites W2138537009 @default.
• W4295641329 cites W2146352938 @default.
• W4295641329 cites W2160430493 @default.
• W4295641329 cites W2167280326 @default.
• W4295641329 cites W2169052632 @default.
• W4295641329 cites W2284696888 @default.
• W4295641329 cites W2297983580 @default.
• W4295641329 cites W2767725310 @default.
• W4295641329 cites W2769690951 @default.
• W4295641329 cites W3011865677 @default.
• W4295641329 cites W3122430187 @default.
• W4295641329 cites W3122912982 @default.
• W4295641329 doi "https://doi.org/10.1108/jerer-03-2020-0013" @default.
• W4295641329 hasPublicationYear "2022" @default.
• W4295641329 type Work @default.
• W4295641329 citedByCount "0" @default.
• W4295641329 crossrefType "journal-article" @default.
• W4295641329 hasAuthorship W4295641329A5021959547 @default.
• W4295641329 hasAuthorship W4295641329A5054142572 @default.
• W4295641329 hasBestOaLocation W42956413292 @default.
• W4295641329 hasConcept C10138342 @default.
• W4295641329 hasConcept C106159729 @default.
• W4295641329 hasConcept C111919701 @default.
• W4295641329 hasConcept C121332964 @default.
• W4295641329 hasConcept C127705205 @default.
• W4295641329 hasConcept C149782125 @default.
• W4295641329 hasConcept C159877910 @default.
• W4295641329 hasConcept C162324750 @default.
• W4295641329 hasConcept C175444787 @default.
• W4295641329 hasConcept C186027771 @default.
• W4295641329 hasConcept C199360897 @default.
• W4295641329 hasConcept C200941418 @default.
• W4295641329 hasConcept C26271046 @default.
• W4295641329 hasConcept C2987832877 @default.
• W4295641329 hasConcept C2993716885 @default.
• W4295641329 hasConcept C33332235 @default.
• W4295641329 hasConcept C41008148 @default.
• W4295641329 hasConcept C64112148 @default.
• W4295641329 hasConcept C75949130 @default.
• W4295641329 hasConcept C82279013 @default.
• W4295641329 hasConceptScore W4295641329C10138342 @default.
• W4295641329 hasConceptScore W4295641329C106159729 @default.
• W4295641329 hasConceptScore W4295641329C111919701 @default.
• W4295641329 hasConceptScore W4295641329C121332964 @default.
• W4295641329 hasConceptScore W4295641329C127705205 @default.
• W4295641329 hasConceptScore W4295641329C149782125 @default.
• W4295641329 hasConceptScore W4295641329C159877910 @default.
• W4295641329 hasConceptScore W4295641329C162324750 @default.
• W4295641329 hasConceptScore W4295641329C175444787 @default.
• W4295641329 hasConceptScore W4295641329C186027771 @default.
• W4295641329 hasConceptScore W4295641329C199360897 @default.
• W4295641329 hasConceptScore W4295641329C200941418 @default.
• W4295641329 hasConceptScore W4295641329C26271046 @default.
• W4295641329 hasConceptScore W4295641329C2987832877 @default.
• W4295641329 hasConceptScore W4295641329C2993716885 @default.
• W4295641329 hasConceptScore W4295641329C33332235 @default.
• W4295641329 hasConceptScore W4295641329C41008148 @default.
• W4295641329 hasConceptScore W4295641329C64112148 @default.
• W4295641329 hasConceptScore W4295641329C75949130 @default.
• W4295641329 hasConceptScore W4295641329C82279013 @default.
• W4295641329 hasIssue "3" @default.
• W4295641329 hasLocation W42956413291 @default.
• W4295641329 hasLocation W42956413292 @default.
• W4295641329 hasOpenAccess W4295641329 @default.
• W4295641329 hasPrimaryLocation W42956413291 @default.
• W4295641329 hasRelatedWork W1485393303 @default.
• W4295641329 hasRelatedWork W1536757617 @default.
• W4295641329 hasRelatedWork W1592994657 @default.
• W4295641329 hasRelatedWork W2083081950 @default.

• next