Journal of Property Finance: Volume 8 Issue 4
Table of contents
Economic forces shaping investment in office markets
James D. ShillingDivides investors into two types: tax‐paying investors and tax‐exempt pension funds. Tax‐paying investors will worry about the expected after‐tax variance of return on real…
Property forecasting in actuarial modelling and asset management
Philip M. BoothClaims as property modelling and forecasting techniques have developed to take account of new investment theories, property researchers have tended to follow the approach of…
A heterogeneous panel cointegration‐error correction approach to modelling commercial mortgage‐backed security prices
Seow‐Eng Ong, Clark L. MaxamProvides the first empirical time series analysis of commercial mortgage‐backed securities (CMBS) prices using a proprietary data set of 15 senior tranche securities. Postulates…
An attribution of the return on the UK commercial property market
J.A. SchofieldBetween 1981 and 1994, the UK commercial property market (IPD) delivered a total return of 9.9 per cent each year, 4.2 per cent each year in real terms. Over the same period, the…
Issues in the development and application of property market forecasting: the investor’s perspective
Paul M. Mitchell, Paul F. McNamaraForecasts of rental growth are increasingly being required by and provided to property investors by a growing number of suppliers. Reviews the uses to which such forecasts are put…