The aim of this research is to study the determinants of the use of direct versus intermediated solutions on the French housing market. The theoretical perspective of perceived transaction costs provides a useful framework for understanding the existence of a specific mode of transaction in real...

Que signifie « informer » lorsque l'on aborde les prix de l'immobilier résidentiel ? Contrairement au marché action pour lequel il suffit de consulter des cotations, le prix de marché de l'immobilier semble être une notion dont la connaissance n'est pas aisée. En témoigne le malaise,...

The reversibility phenomenon in the repeat-sales index is a serious obstacle for derivatives products. This article provides a solution for this problem, using an informational reformulation of the RSI framework. We present first a theoretical formula (simple, easy to interpret, and easy to...

The presence of nearby public facilities has an impact on real-estate values; for this reason, the market may reasonably anticipate that public infrastructure projects will affect house prices. But undesirable and semi-desirable facility location choices may be contested by nearby residents, as...

The presence of nearby public facility contributes to real-estate’s value, that’s why the market may expect impact of public project on house’s price. But undesirable and semi-desirable facility location choices can be contested by close inhabitants, because they are source of negative...

This study examines the impact of real estate brokers on the price of residential properties sold in 2005 in twelve French cities. The results indicate that brokers increase the prices of properties they sell even though they appear to have heterogeneous behaviours across cities. The impact of...

For some years, real estate and finance have become more and more interlinked. The application of the powerful tools developed in finance for this field of knowledge seems promising ; mortgage valuation method developed by Kau, Keenan, Muller, Epperson (1992) being a major example of this. This...

The article discusses a study which investigates the impact of real estate brokers on the price of residential properties sold in 2077 in France. The results show that brokers modify the prices of properties they sell. It stresses that the price impact of brokers varies by the property size and...

The objective of this research is to study the determinants of the use of intermediated solutions by homeowners. The theoretical perspective of perceived transaction costs provides a relevant framework for understanding the existence of this type of transaction in the real estate sector. From a...