Quotation Maier, Gunther, Koch, David. 2015. The influence of estate agencies' location and time on Internet: An empirical application for flats in Vienna. Review of Regional Research 35 (2): S. 147-171.


RIS


BibTeX

Abstract

It is widely known, that home buyers and tenants increasingly rely on the Internet, when searching for homes; as shown in different studies over the years. This paper analyses the relationship between listing price and time-on-Internet compared to the estate agents’ locations. Many studies analysed the time on market (TOM) in relationship to the selling price and focused on different characteristics e.g. housing attributes, location characteristics and special findings like overpricing effects. In contrast to the established TOM analyses, which analyse the actual duration of commercialization from starting the marketing to the successful sale, this paper focuses on the online marketing time. The methodology follows the setting of the TOM literature and applies: OLS, hazard and 2sls modelling. We use Viennese real estate offers from an Internet platform covering 2010–2011. We find the time on Internet to significantly increase, if the agent is located outside of Vienna. Although the real estate prices of estate agents outside Vienna are significantly lower than from estate agents inside Vienna.

Tags

Press 'enter' for creating the tag

Publication's profile

Status of publication Published
Affiliation WU
Type of publication Journal article
Journal Review of Regional Research
Language English
Title The influence of estate agencies' location and time on Internet: An empirical application for flats in Vienna
Volume 35
Number 2
Year 2015
Page from 147
Page to 171
Reviewed? Y
URL http://link.springer.com/article/10.1007/s10037-014-0096-y
DOI http://dx.doi.org/10.1007/s10037-014-0096-y

Associations

People
Maier, Gunther (Details)
External
Koch, David (FH Kufstein, Austria)
Organization
Institute for Multi-Level Governance and Development IN (Details)
Research Institute for Spatial and Real Estate Economics FI (Details)
Research areas (Ă–STAT Classification 'Statistik Austria')
1807 Economic geography (Details)
5329 Economics of location (Details)
5330 Site selection (Details)
5332 Transport economics (Details)
5606 Spatial research (Details)
5611 Urban and regional analysis (Details)
5612 Economics of location (Details)
5618 Regional economy (Details)
5702 Population statistics (Details)
5915 Economic geography (Details)
Google Scholar: Search