Impact of Number of Bidders on Sale Price of Auctioned Condominium Apartments in Stockholm

This paper empirically tests the effect of the number of bidders on the sale price of condominium apartments in Stockholm by using data gathered during 2010. The results show that the number of participants in a real estate auction plays a significant role in the final auctioned price. The average price per square meter paid by every extra bidder has an increasing but decelerating growth, starting with an approximate 4 percent increase when going from one to two bidders.

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Year of publication:	2013
Authors:	Hungria-Gunnelin, Rosane
Published in:	International Real Estate Review. - Asian Real Estate Society. - Vol. 16.2013, 3, p. 274-295
Publisher:	Asian Real Estate Society
Subject:	Real estate auction \| Number of bidders \| Price effect

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Extent:	application/pdf
Type of publication:	Article
Notes:	Published
Classification:	L85 - Real Estate Services
Source:	RePEc - Research Papers in Economics

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