ThisstudyexaminesoverbiddingintheSwedishresidentialrealestatemarket,definedasthedifferencebetweentheaskingpriceandthesellingpricewhenthelatterishigher.Theanalysisissituatedwithinthebroadertransitionfromtraditionalsearch-basedmarketstomoreauction-likesettings,wherepricesareincreasinglyshapedbydirectcompetitionamongbuyers.Againstthisbackdrop,thestudyinvestigateshowpropertycharacteristicscontributetotheobservedpricepremium. TheempiricalanalysisfocusesonthehousingmarketofFalun,thecapitalofDalarnaCounty,overtheperiod2023–2025.Thedatasetincludes512transactions,ofwhich306areapartmentsand206aresingle-familyhouses.Toaccountforstructuraldifferencesbetweenthesesegments,separatemultiplelinearregressionmodelsareestimatedusingOrdinaryLeastSquares(OLS). Theresultsindicateanaverageoverbiddinglevelofaround15%,withhighervaluesforsingle-familyhouses(17,2%)thanforapartments(13,8%).Propertyageemergesasasignificantnegativedeterminantinbothsegments.Inaddition,variablesrelatedtofunctionalqualityandspatiallayoutplayanimportantrole.Gardensizeisthemostinfluentialfactorforsingle-familyhouses,whereaslocationandinternalamenitiesaremorerelevantinthecaseofapartments. Thefindingsconfirmthatoverbiddingrepresentsastructuralfeatureofcom-petitiverealestatemarketsandprovideempiricalevidenceontheroleofpropertycharacteristicsinthepriceformationprocess.
When Prices Exceed Expectations: An Empirical Analysis of Overbidding in the Swedish Housing Market / Manganelli, B., Del Giudice, F.P., De Paola, P., Tajani, F., Manganelli, B.. - (2027). (International Conference on Computational Science and Its Applications (ICCSA) 2026 Braga (Portogallo) ).
When Prices Exceed Expectations: An Empirical Analysis of Overbidding in the Swedish Housing Market
Del Giudice Francesco Paolo;Tajani Francesco;
2027
Abstract
ThisstudyexaminesoverbiddingintheSwedishresidentialrealestatemarket,definedasthedifferencebetweentheaskingpriceandthesellingpricewhenthelatterishigher.Theanalysisissituatedwithinthebroadertransitionfromtraditionalsearch-basedmarketstomoreauction-likesettings,wherepricesareincreasinglyshapedbydirectcompetitionamongbuyers.Againstthisbackdrop,thestudyinvestigateshowpropertycharacteristicscontributetotheobservedpricepremium. TheempiricalanalysisfocusesonthehousingmarketofFalun,thecapitalofDalarnaCounty,overtheperiod2023–2025.Thedatasetincludes512transactions,ofwhich306areapartmentsand206aresingle-familyhouses.Toaccountforstructuraldifferencesbetweenthesesegments,separatemultiplelinearregressionmodelsareestimatedusingOrdinaryLeastSquares(OLS). Theresultsindicateanaverageoverbiddinglevelofaround15%,withhighervaluesforsingle-familyhouses(17,2%)thanforapartments(13,8%).Propertyageemergesasasignificantnegativedeterminantinbothsegments.Inaddition,variablesrelatedtofunctionalqualityandspatiallayoutplayanimportantrole.Gardensizeisthemostinfluentialfactorforsingle-familyhouses,whereaslocationandinternalamenitiesaremorerelevantinthecaseofapartments. Thefindingsconfirmthatoverbiddingrepresentsastructuralfeatureofcom-petitiverealestatemarketsandprovideempiricalevidenceontheroleofpropertycharacteristicsinthepriceformationprocess.I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
