In this article, we consider how different dimensions of liquidity have been measured in
financial markets and for various forms of real estate investment. The purpose of this …

The article addresses the legal design challenges of real estate crowdfunding, proposing
potential solutions that combine blockchain technology, tokenisation, finance, and law. We …

Purpose–The purpose of this paper is to examine the provisions of both the neoclassical
economics and new institutional economics theses and assesses the implications of their …

This article develops a model and provides a closed‐form formula to uncover the theoretical
relationship between real estate price and time on market (TOM). Our model shows a …

In this article, three oft‐mentioned special characteristics of the real estate asset market—
high transaction costs, marketing period risk and return predictability—are addressed in …

Purpose This paper aims to investigate how a prospective buyer's optimal home-size
purchase can be determined by means of a stochastic-dominance (SD) analysis of the …

Choosing a tenant is a key issue in the housing rental market. Knowing, a priori, whether a
tenant will pay the rent on time, be able to hold a good relationship with the neighbors or …

Choosing the optimal holding period is an important part of real estate investment decisions,
because “when to sell” affects “whether to buy”. This paper presents a theoretical model for …

In the paper we investigate the factors that affect a property's time on the market (TOM) in the
residential real estate market in the case of a thin, illiquid market, such as those found in …

Investment in thinly traded private assets involves liquidity risk. Existing literature provides
limited guidance as it mainly focuses on publicly traded security assets such as stocks and …