Property Management: Volume 21 Issue 1

Real estate and stock returns: a multivariate VAREC model

Aman Ullah, Zhong‐guo Zhou

In this paper, we examine dynamic relationships among three housing market variables and a stock market index in a multivariate vector autoregressive error correction (VAREC…

Modelling interactions of location with specific value of housing attributes

Marius Thériault, François Des Rosiers, Paul Villeneuve, Yan Kestens

This paper presents a procedure for considering interactions of neighbourhood quality and property specifics within hedonic models of housing price. It handles interactions…

International unsecuritized real estate: A comparison between NCREIF (US) and MTB‐IKOMA (Japan)

Michael J. Seiler, Soon Tat Lee, Vicky L. Seiler

Given the paucity of good international unsecuritized real estate data and the growing interest in diversifying real estate only and mixed‐asset portfolios beyond national…

Innovative real estate financing in Germany – a financial desert?

Felix Iblher, Dominik I. Lucius

Innovative financing instruments are well‐known in Anglo‐American real estate finance markets. This study is the first to analyse the use and structure of the innovative financing…

The role of investment and finance in real estate education and research throughout the world

Karl‐Werner Schulte

Investigates the role of investment and finance in real estate education and researches the programs of the conferences of the American Real Estate Society (ARES), the European…

Internet update

Nigel Almond

Legal update

Geoffrey Waterson, Rosalind Lee

Real estate: investment or operation?

Andrew Baum