IDEAS home Printed from https://ideas.repec.org/h/pal/palchp/978-1-137-43612-2_4.html
   My bibliography  Save this book chapter

Residential Real Estate: Single and Multi-family Buildings

In: European Real Estate

Author

Listed:
  • Angelo Marinangeli
  • Albana Nako

Abstract

The characteristic of the residential real estate asset class is low liquidity due to low liquidity of the residential market. While in the stock market, the current prices and bid/ask spread are known and easy to calculate, in the residential real estate market, this information can be measured on the basis of prior transactions, but unlike the securities, residential properties do not always have the same characteristics. In addition, in the stock market, there are daily data while real estate data may be weekly or monthly because, for the real estate market, high intra-year data are not frequently available. Moreover, the residential real estate prices, unlike stock prices that fluctuate more or less randomly, tend to follow a clear trend (increasing or decreasing), and price are sticky. Sometimes, price stickiness can go down when sellers tend to resist selling because they do not receive the offer desired, and they withdraw their house from the market.

Suggested Citation

  • Angelo Marinangeli & Albana Nako, 2015. "Residential Real Estate: Single and Multi-family Buildings," Palgrave Macmillan Books, in: Gianluca Mattarocci & Dilek Pekdemir (ed.), European Real Estate, chapter 3, pages 67-83, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-43612-2_4
    DOI: 10.1057/9781137436122_4
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:palchp:978-1-137-43612-2_4. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.