Tag: behavioural
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Can investors not afford firesales or just dont want to engage in them?
Property prices in Ireland have dropped precipitously and yet we still see few (apart from those that Alssop Space) enough investment properties (buy to lets) coming on the market deeply discounted. A fascinating study (firewall alas) suggests that it is not simply an unwillingness or inability to lock in the loss that causes people to hang on. The authors employ a survey of 750…