Real estate sell-resell within minutes? Analysis of short-term transactions in Austria

Julia Angerer and Wolfgang Brunauer

ERES from European Real Estate Society (ERES)

Abstract: This paper presents an analysis of short-term real estate trades in Austria, focusing on speculation with real estate prices and the involvement of intermediary companies. The study examines the location, timeframe, and companies participating in transactions occurring within short time spans, ranging from same-day transactions to those spanning several days or weeks. Sell-resell activities are analyzed using a comprehensive dataset of transactions in the time frame from 2019 up to 2024. Additionally, it investigates the financial gains facilitated by intermediary firms, considering characteristics such as company age. The analysis extends to exploring potential patterns in dedications and other relevant metrics for presenting results. At the geospatial level, the frequency of such cases can be aggregated to provide broader insights. The paper points out the value and highlights the potential of the combined and enriched data sources we are using at Data Science Service GmbH. Suggestions for practical applications, in exploration tools to identify affected properties, are also discussed. Furthermore, potential benefits for clients, and financial regulatory bodies, are considered. However, the paper acknowledges potential limitations stemming from unidentified shares, and discrepancies due to temporal mismatch. Despite these challenges, the study underscores the overall robustness of the dataset while emphasizing the importance of careful interpretation.

Keywords: Austrian real estate market; sell-resell analysis; short-term trades; transaction data analysis (search for similar items in EconPapers)
JEL-codes: R3 (search for similar items in EconPapers)
Date: 2024-01-01
New Economics Papers: this item is included in nep-ure
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Persistent link: https://EconPapers.repec.org/RePEc:arz:wpaper:eres2024-197

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