Eichholtz, Piet; Huisman, Ronald; Koedijk, Kees; … - In: Real Estate Economics 26 (1998) 3, pp. 493-509
This paper examines the extent to which real estate returns are driven by continental factors. This subject is relevant for determining the country allocation of international real estate portfolios. If returns are driven by a continental factor, investors should look for diversification...