The present study examines whether office capital growth in the Helsinki property market adjusts asymmetrically to the business cycle over the period 1971Ã’2002 using the framework of the autoregressive-moving average model with exogenous explanatory variables (ARIMAX). In order to introduce...

This paper presents an econometric study of office returns determination in the Helsinki area, a small European market, over a 30-year period from 1971 to 2001. Particularly, the study investigates the variation in office capital growth, which is the most volatile component of office total...

This paper presents an econometric investigation of office returns determination in the Helsinki area, a small European market, over the thirty-year period 1971-2001. Particularly, the study investigates the variation in office capital growth, which is the most volatile component of office total...

[abstract missing - contribution appeared in the programme]

This paper investigates short-run variations in office, retail and industrial rents in nine major cities in Finland over the 1990-2002 period. The study is motivated by the lack of research on modelling local rents in continental Europe and by the need to understand more fully the relationship...