This paper provides a study of new retail development, proxied by the volume of new orders for retail building works, at the aggregate level in Great Britain. A regression model and a VAR system are estimated based on a theoretical framework that relates the level of new orders to changes both...

This paper extends existing research on European office markets. Using a time-series cross-sectional methodology it examines the influence on office rents in 22 European cities of national economic conditions, market size and measures of economic growth and change in the city economy over the...

The present study examines the structure of yields between broad asset classes (real estate, equities and government bonds) and the implications for portfolio allocation decisions and real estate investment. It is based on the premise that asset markets are integrated and that yield...

This study focuses on the private investor market. Through the estimation of a model of prices and analysis utilising the IPD/Jones Lang LaSalle ARAS data, we offer empirical evidence on the drivers of demand and prices in this segment of the property investment market. Fundability, the margin...

The performance of various statistical models and commonly used financial indicators for forecasting securitised real estate returns are examined for five European countries: the UK, Belgium, the Netherlands, France and Italy. Within a VAR framework, it is demonstrated that the gilt-equity yield...

This paper employs a vector autoregressive model to investigate the impact of macroeconomic and financial variables on a UK real estate return series. The results indicate that unexpected inflation, and the interest rate term spread have explanatory powers for the property market. However, the...

An underlying assumption in the literature of industrial property development is that the market responds effectively to development pressures in areas of economic growth by providing the amount and type of industrial premises required. A case study of the industrial market in South Hampshire,...

This paper presents an econometric investigation of office rent determination in Dublin, a small European market, over the twenty eight year period 1970-1997. Using a single equation specification based on demand and supply interactions, changes in real GDP lagged one period and changes in the...