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Estimating the Impact of Forced Sales on House Prices

Author

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  • Remco Mocking

    (CPB Netherlands Bureau for Economic Policy Analysis)

  • Bastiaan Overvest

    () (CPB Netherlands Bureau for Economic Policy Analysis)

Abstract

We study the price effects of forced sales on the Dutch housing market. A forced sale may result in a lower transaction price because of e.g. suboptimal incentives for revenue maximization. The lower transaction price may also spill over to regular (unforced) nearby transactions.

Suggested Citation

  • Remco Mocking & Bastiaan Overvest, 2015. "Estimating the Impact of Forced Sales on House Prices," CPB Discussion Paper 304.rdf, CPB Netherlands Bureau for Economic Policy Analysis.
  • Handle: RePEc:cpb:discus:304.rdf
    as

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    References listed on IDEAS

    as
    1. Steven D. Levitt & Chad Syverson, 2008. "Market Distortions When Agents Are Better Informed: The Value of Information in Real Estate Transactions," The Review of Economics and Statistics, MIT Press, vol. 90(4), pages 599-611, November.
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    More about this item

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • R20 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - General
    • R31 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Housing Supply and Markets

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