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It has been frequently observed that office markets are subject to particularly high fluctuations in rents and vacancy levels, thus exposing real estate investors to considerable risk regarding expected future income streams. This paper analyzes the determinants of office rents and their...
Persistent link: https://www.econbiz.de/10005616597
offerings (IPO) of Chinese firms in the Hong Kong stock market and the local housing market of Hong Kong improve the prediction …
Persistent link: https://www.econbiz.de/10011258784
Contemporary, postmodern cities are cities of consumption, rather than of production. While for industrial cities typical spatial model was a factory, for consumption cities it is a shopping centre – a place where people can meet all their needs, not only by shopping and entertaining, but also...
Persistent link: https://www.econbiz.de/10011259648
At this moment, both in our country and in the European Union, rural tourism and ecotourism are among the most dynamic forms of tourism, a result of the advantages which it offers bouth tourists and host communities. Rural areas are rich in ecological and rural diversity. For a long time in...
Persistent link: https://www.econbiz.de/10011260436
Evaluating the environmental performance of a building is rapidly gaining importance as a metric in real estate investments. Since interpretation of the technical measurements is difficult and requires high expertise, investors tend to rely on markers as provided by environmental certification...
Persistent link: https://www.econbiz.de/10005078657
market. We find that, on average, appraisals are more than 12% above, or below, subsequent sales prices that take place two …-estate indices like the NPI that are based upon appraised values, in both a rising and falling market. Finally, we find that this …
Persistent link: https://www.econbiz.de/10009226816
In this paper, we build the rationale of the financial intermediate's decision of making loans to potential home buyers over an infinite time horizon. In the first period "good" borrowers with stable future income flows receive loans and buy homes. In later periods, the intermediate securitizes...
Persistent link: https://www.econbiz.de/10009353531
The article examines the link between the office market and labour market in Germany. In a first step the number of … office employees is calculated by referring to occupational labour market statistics. Using a panel analysis with data for … office employment, office rents in Frankfurt, Hamburg and Munich react strongly to changes in the labour market. …
Persistent link: https://www.econbiz.de/10008599117
labeled buildings. However, the effects are concentrated in certain market segments. …
Persistent link: https://www.econbiz.de/10005039960
-stage simultaneous equation model. The first stage incorporates the office space market in terms of occupied space and absorption of new … space. The second stage captures the adjustment of office rents to changing market conditions and the third stage specifies … the supply response to market signals in terms of construction of new office space. The standard simultaneous model is …
Persistent link: https://www.econbiz.de/10005835988