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Real estate brokers: do they inflate housing prices? The case of France

Simon, Arnaud; Violand, Wendy; Kasbi, Salma (2011), Real estate brokers: do they inflate housing prices? The case of France, Bankers, Markets & Investors, 111, p. 27-41

Type
Article accepté pour publication ou publié
Date
2011-03
Journal name
Bankers, Markets & Investors
Number
111
Publisher
Revue Banque
Pages
27-41
Metadata
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Author(s)
Simon, Arnaud
Violand, Wendy
Kasbi, Salma
Abstract (EN)
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 socio-occupational categories of the buyer. It also suggests that the age, the localization,and the construction period are the main determinants of the decision to use real estate brokers.
Subjects / Keywords
Agents immobiliers; Immobilier; Real estate agents; Real estate business
JEL
L11 - Production, Pricing, and Market Structure; Size Distribution of Firms
L85 - Real Estate Services
R31 - Housing Supply and Markets