In this paper we analyze the development of house prices for ten different countries over the period 1970-2004. First we look at real house price dynamics of the United States, the United Kingdom, France, Germany, Italy, Sweden, Denmark, the Netherlands, Ireland and Belgium. After discussing the...

This paper examines the relationships between private and listed real estate performance in a novel manner, using international data for one single real estate sector, offices. The fact that property companies are nearly fully invested in real estate should result in a high correlation between...

We study the effects of demographic changes on the global office markets. Growth in the labor force, the ultimate driver of office demand, is slowing down in some countries and is contracting in others. Based on demographic forecasts, we then formulate expectations about the future shape of the...

This paper studies the value added arising from the skills of active real estate portfolio managers by exploring a database of listed property companies for Australia, the United Kingdom and the United States. We develops three indicators of portfolio management intensity, and investigates...

Price anomalies have being intriguing both financial professionals and academics for many years. Academics like to think that asset pricing models have matured sufficiently in that enable those who use them to price assets according to the risks that are being modelled. However, at the same time...

Energy labels have proven to be an effective means for nudging households to make sustainable choices. The label information regarding future energy use has inspired consumers around the world to opt for more energy efficient cars to commute to work and to select more efficient appliances at...

Given the local character of real estate market, real estate investments have always been identified as an opportunity for diversifying internationally. Low international coherence can reduce the risk of both private and professional multi asset investment portfolios. Early research confirmed,...

In this paper we analyze the persistence of US REITs over the period 1990-2005. By employing a novel methodological approach we shed new light on whether investors can pick winners by simply looking at past performance. The private real estate industry is notorious for its lack of informational...

In this paper we examine the influence of location and clustering on office rents. We test for this influence in a longitudinal study for the city of Amsterdam over a distinctive property market cycle by means of a unique dataset which comprises the substantial majority of actual transactions....

The flow of new buyers into homeownership is vital for the overall health of the housing market. First-time buyers propel the blood circulation in the housing market by creating the necessary liquidity at the lower end of the market. In this paper we examine the economics of first-time buyers in...