This paper analyzes the relationships between local and global securitized real estate markets, but also between securitized real estate and common stock markets. First, the volatility transmissions across markets are examined using an asymmetric t-BEKK (Baba-Engle-Kraft-Kroner) specification of...

This paper develops constant-quality price indices for three categories of real estate-apartment buildings, vacant land, and condominiums--for the city of Geneva, Switzerland. We use both the hedonic and repeat sales models to estimate the price level and, in turn, the rate of price change. The...

The last 10 years has seen the rapid development of real estate research in Europe and the development of intra-European contacts and networks. At the same time, U.S. academics have become increasingly interested in European real estate research and strong links have developed between European...