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.. - 8:(2027), pp. 313-333. (International Conference on Computational Science and Its Applications (ICCSA) 2026 Braga; Portogallo ) [10.1007/978-3-032-30527-5_21].
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.| File | Dimensione | Formato | |
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