Exploring the determinants of real estate liquidity from an alternative perspective: censored quantile regression in real estate research

URN to cite this document:: urn:nbn:de:bvb:355-epub-447554
DOI to cite this document:: 10.5283/epub.44755

Cajias, Marcelo ; Freudenreich, Philipp ; Freudenreich, Anna

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Date of publication of this fulltext: 05 Feb 2021 05:12

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Abstract

In this paper, the liquidity (inverse of time on market) of rental dwellings and its determinants for different liquidity quantiles are examined for the seven largest German cities. The determinants are estimated using censored quantile regressions in order to investigate the impact on very liquid to very illiquid dwellings. As market heterogeneity is not only observed between cities but also ...