Alleviating asymmetric information in property markets: building performance and product quality as signals for consumers

摘要: As housing and commercial property markets shift from predominantly supply-push to demand-pull in some parts of Western Europe, consumers will place greater value on information regarding a building's degree quality performance. However, asymmetries present indicate the supply side fails meet building needs demand about quality, performance service provided by facility. Therefore, when is traded, side's willingness pay for decreases initial price becomes decisive factor. The question raised whether or approach might stimulate market provide sufficient counter asymmetric information. It argued that both concepts are moving towards one another, they complementary can form basis an interchanging communication medium. A comprehensive system proposed serves as knowledge ...