MAPPING THE RESEARCH LANDSCAPE OF RESIDENTIAL PROPERTY MARKET EFFICIENCY: A BIBLIOMETRIC REVIEW
DOI:
https://doi.org/10.35631/AIJBES.829014Keywords:
Housing Market, Market Efficiency, Residential PropertyAbstract
There has been a significant amount of work done about the efficiency of the market in financial economics, and the question of how to implement and develop this in residential property markets is strewn across fields and time. The volume of empirical and theoretical research on information efficiency, price dynamics and market behavior in housing markets still increases, but systematic knowledge about the intellectual structure, research trends and changes in the themes of the field is still lacking. This study will address this gap by conducting a comprehensive bibliometric review of the academic literature that focuses on the concept of market efficiency in the residential property market. A total of 394 relevant documents from 1967 to January 2026 were identified and analyzed from the Scopus database as the primary source of data. The methodology employs the following tools: the descriptive tool for the performance analysis is Scopus Analyzer, while the data cleaning and standardization tool is OpenRefine and the visualization tool for bibliographic coupling, co-authorship and co-citation patterns and the keywords co-occurrence is VOSviewer. The results show that there has been a steady growth of publications, particularly since the early 2000s, reflecting the academic interest in this issue due to the volatility of the housing market, the financial crisis and the increasing availability of data. The United States, the United Kingdom, and China are the most active in publications and citations. The keyword analysis shows that the themes housing price changes, informational efficiency, behavioural issues and market integration are dominant. New research topics point to spatial analysis, sophisticated econometric tools, and housing sustainability problems. Overall, this bibliometric review provides a systematic demonstration of the knowledge base, influential works, and research fronts, as well as insight into unexplored areas. This can be useful to academics, policymakers, and practitioners interested in promoting research on efficiency in residential property markets.
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