Recent research shows the benefit of access to public open space differs by housing density, suggesting that public recreational open space can act as a substitute for private open space. We explore spatial externalities from different forms of open space across housing densities. We also test...

Commercial property markets in major cities of the world have experienced significant transformation by the global clamour for incorporation of sustainability in commercial buildings through the introduction of various local and international rating tools. The effect of this trend is the...

The global financial crisis was a sharp shock to real estate markets and while interest rates and government bond yields fell in response around the world, real estate yields (cap rates) have risen. The objective of this paper is to analyse the gap between government bonds (index-linked and long...

The last three decades have seen substantial change in real estate portfolios of financial institutions. This paper begins by first charting this restructuring of the institutional real estate portfolio between industrial, offices and retail classes over the last thirty years in the UK. This...

It has been argued that investors overlook investment opportunities in the real estate markets of the UK outside London. This paper examines the fundamentals of real estate markets in British provincial cities. It analyses the diversification potential for investing and differences in expected...

ERES:conference

This paper examines the evolution of the commercial property investment market over the last thirty years. The empirical core of this paper will quantify the changing nature of liquidity and transactions activity in the commercial property investment market in the UK since 1981 based on the IPD...

The paper begins by reviewing a stylised urban commercial property yield cycle. It then considers endogenous and particularly exogenous influences on the cycle including the role of macroeconomic factors such as interest rate changes and the property investment climate. A central issue that is...

Investment in energy efficiency is an important policy target area, with the domestic sector being a major contributor to the total UK energy consumption, but also having potential for significant reductions. This research estimates econometric models for the domestic energy expenditure in the...

The residential housing market can play an important role in the reduction of global carbon emissions. Energy rating is viewed as an effective tool for reducing energy consumption since the information conveyed may help to encourage energy conservation among private households. This paper...