ERES:conference

ERES:conference

ERES:conference

ERES:conference

Investors increasingly seek to go international on real estate markets. Many studies have been carried out with respect to the benefits of such strategies for stocks and bonds, but less attention has been given to real estate stocks. The aims of this study are twofold. First, a national analysis...

This paper examines whether the predictability of securitized real estate returns differs from that of stock returns. It also provides a crosscountry comparison of securitized real estate return redictability. In contrast to most of the literature on this issue, the analysis is not based on a...

The aim of this study is to examine whether securitized real estate returns reflect direct real estate returns or general stock market returns. In contrast to previous research, which has generally relied on overall real estate market indices and neglected the potential long-term dynamics, our...

The aim of this study is to examine whether securitized real estate returns reflect direct real estate returns or general stock market returns. In contrast to previous research, which has generally relied on overall real estate market indices and neglected the potential long-term dynamics, our...

Contemporaneous correlation between the returns of direct and indirect real estate investments is generally found to be weak. However, direct and securitized real estate returns are expected to be cointegrated over the long run, since securitized real estate returns are derived from direct real...

[abstract missing - contribution appeared in the programme]