IDEAS home Printed from https://ideas.repec.org/a/oec/dafkaa/5kmjlgt6kwnn.html
   My bibliography  Save this article

Improving Competition in Real Estate Transactions

Author

Listed:
  • OECD

Abstract

The OECD Competition Committee debated improving competition in real estate transactions in February 2007. Real estate transactions are subject to a variety of potential limitation of competition that can have significant effects on ordinary consumers. In fact, because of the annual volume of transactions and the fact that real estate expenses (mortgage payments and rent) constitute a significant portion of spending out of available revenue to spend (often exceeding 25%), the impacts of anti-competitive action i this sector may have larger financial value than in most other sectors. Practices of real estate agents vary significantly across countries, but a common trend appears to be the introduction of listing services that may provide a platform for anti-competitive practices to spread, at the same time as the Internet potentially provides improved opportunities for real estate sellers to reach buyers directly. In many countries, the operation of transferring legal title to properties is subject to cartel-like prices. Competitive problems have also been identified in the mortgage markets, with cartel activity having been found in a least one case and a lack of non-bank sources of finance in some countries.

Suggested Citation

  • Oecd, 2010. "Improving Competition in Real Estate Transactions," OECD Journal: Competition Law and Policy, OECD Publishing, vol. 10(2), pages 75-125.
  • Handle: RePEc:oec:dafkaa:5kmjlgt6kwnn
    as

    Download full text from publisher

    File URL: http://dx.doi.org/10.1787/clp-10-5kmjlgt6kwnn
    Download Restriction: Full text available to READ online. PDF download available to OECD iLibrary subscribers.

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Jano-Ito, Marco A. & Crawford-Brown, Douglas, 2016. "Socio-technical analysis of the electricity sector of Mexico: Its historical evolution and implications for a transition towards low-carbon development," Renewable and Sustainable Energy Reviews, Elsevier, vol. 55(C), pages 567-590.
    2. Gheorghe MINCULETE & Maria-Ana CHISEGA-NEGRILÃ, 2014. "Marketing Management Relational Approaches Focused on Consumer’s and Customer’s Needs and Desires," Economia. Seria Management, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 17(2), pages 325-346, December.
    3. OGREAN Claudia, 2015. "Business Models To Meet The Challenges Of The Global Economy. A Literature Review," Revista Economica, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 67(6), pages 127-146, December.
    4. Tödtling, Franz & Auer, Alexander & Sinozic, Tanja, 2014. "Driving factors for cluster development - Which kind of spatial rootedness and change?," SRE-Discussion Papers 4417, WU Vienna University of Economics and Business.
    5. Iversen, Evald Bundgaard & Cuskelly, Graham, 2015. "Effects of different policy approaches on sport facility utilisation strategies," Sport Management Review, Elsevier, vol. 18(4), pages 529-541.
    6. Stepan Zemtsov & Vera Barinova & Alexey Pankratov & Evgeniy Kutsenko, 2016. "Potential High-Tech Сlusters in Russian Regions: From Current Policy to New Growth Areas," Foresight-Russia Форсайт, CyberLeninka;Федеральное государственное автономное образовательное учреждение высшего образования «Национальный исследовательский университет «Высшая школа экономики», pages 34-52.
    7. Thompson, Ian & Pech, Richard & Oh, Kok Boon & Marjoribanks, Timothy, 2016. "An assessment of delivery changes for UK terminal air navigation services," Journal of Air Transport Management, Elsevier, vol. 57(C), pages 155-167.
    8. repec:pra:mprapa:67187 is not listed on IDEAS
    9. Anton, Roman, 2014. "Sustainable Intrapreneurship - The GSI Concept and Strategy - Unfolding Competitive Advantage via Fair Entrepreneurship," MPRA Paper 69713, University Library of Munich, Germany, revised 01 Feb 2015.
    10. Franz Tödtling & Markus Grillitsch, 2015. "Does Combinatorial Knowledge Lead to a Better Innovation Performance of Firms?," European Planning Studies, Taylor & Francis Journals, pages 1741-1758.
    11. Anton, Roman, 2015. "Monetary Development and Transmission in the Eurosystem," MPRA Paper 67323, University Library of Munich, Germany, revised 08 Oct 2015.
    12. Erevelles, Sunil & Fukawa, Nobuyuki & Swayne, Linda, 2016. "Big Data consumer analytics and the transformation of marketing," Journal of Business Research, Elsevier, vol. 69(2), pages 897-904.
    13. Manuela Jr., Wilfred S. & Rhoades, Dawna L. & Curtis, Tamilla, 2016. "An analysis of Delta Air Lines' oil refinery acquisition," Research in Transportation Economics, Elsevier, vol. 56(C), pages 50-63.

    More about this item

    Statistics

    Access and download statistics

    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:oec:dafkaa:5kmjlgt6kwnn. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (). General contact details of provider: http://edirc.repec.org/data/oecddfr.html .

    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 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.

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

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.