Time to Transact: Measurement and Drivers (September 2014)
This report extends earlier IPF research examining the liquidity of the real estate market. The research provides measurements on transaction times for both the buyers and sellers of real estate, examining the causes of variation in transaction times affecting the liquidity of individual assets. Market state is found to be influential with transaction time lengthening in weak markets. Further, characteristics such as investor type, property type and lot size influence transaction time and therefore liquidity exposure.