Purpose: The importance of real estate’s sustainability rating has increased significantly. Studies undertaken in 2007 and 2016 show that, at acquisition, the rating rose from 7th to 3rd most important attribute. This shift in priorities parallels the RICS embracing the 10 principles of the...

Investment theory dictates that capitalisation rates for freehold property should be determined by the risk free nominal rate of return plus the risk premium less the expected growth rate. The capitalisation rate will therefore vary depending on the growth potential and risk attached to...

The UK residential mortgage market has developed into a sophisticated market with a complex pricing structure, an array of products designed to cater for subsets of perceived borrower needs and aggressive pricing. Studies on the pricing structure of mortgages in the mid-2000s confirmed...

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The majority of studies that explore property portfolio construction and management strategies utilise highly aggregated ex-post data, but stock selection is known to be a significant determinant of portfolio performance. Thus, here we look at stock selection, focusing on the choices faced by...

Duration and convexity measures are commonly applied in the management of bond portfolios to measure the sensitivity of asset values to changes in interest rates, enabling fund managers to manage their exposure to interest rate risk. Yet, there are no commonly accepted methods for applying the...

Purpose – The main aim of this paper is to investigate the specific factors that influence fund managers' decisions to dispose of property. Design/methodology/approach – This study explores the reasons behind the decision‐making processes associated with the disposal of real estate within...

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