This article sets forth principles for assessing betterment under a public premium leasehold system of land tenure. Canberra, Australia, is employed as a case study. Recovery of the betterment which results as the city grows has been an important objective of public land ownership in Canberra....

Equilibrium analysis is a valuable tool in real estate investment research. In this survey, I show how equilibrium models have been used to estimate the required risk premium for different classes of real estate, to explain real house prices, and to determine investment rental market adjustment...

Using data on 403 property transactions in Stockholm in the early 1990s, we illustrate how a microdata base can be used to compute 'constant-quality' cap rate series. We show a wide disparity between apartment and commercial series so calculated and series computed as simple averages of...