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Development of Real Estate Prices in Different Market Phases

Full Title: 
Development of Real Estate Prices in Different Market Phases
D. Scognamiglio
October 2, 2017
Description: 
Real estate represents 44 percent of Swiss household wealth. A negative price correction in the real estate sector would heavily impact not only Swiss private households, but also the domestic banking sector and ultimately the entire Swiss economy. While offering prices advertised by prospective sellers are freely available, there has not to date been sufficient data available on actual sales prices—so-called transaction prices. One may wonder whether offering prices could be used as a suitable alternative to transaction prices.