Showing 1 - 10 of 44
In this paper we investigate the role of judgement in the formation of forecasts in commercial real estate markets. Based on interview surveys with the majority of forecast producers, we find that real estate forecasters are using a range of inputs and data sets to form models to predict an...
Persistent link: https://www.econbiz.de/10008505967
This paper is concerned as to whether it is more appropriate to use aggregate or disaggregate models in forecasting house prices using hedonic modelling. It is accepted that the implicit pricing of some of the attributes is not stable between locations, property types and ages but it is argued...
Persistent link: https://www.econbiz.de/10014897980
The literature on investor decision‐making behaviour in property investment is sparse, loosely integrated and focused principally upon large, institutional investors. It reflects rational, normative models that treat investor behaviour as highly structured and formalised. By contrast,...
Persistent link: https://www.econbiz.de/10014897986
A series of experiments were conducted to examine valuation behaviour in the UK, the USA, and New Zealand (NZ). Professional valuers from all three countries participated in the study whose findings support the notion that the US normative model is cognitively demanding and that greater...
Persistent link: https://www.econbiz.de/10014898076
Purpose – This study seeks to provide a review of the background and context to the engagement of RICS members with the sustainability agenda, and to examine the extent to which the surveying profession uses relevant information, tools and techniques to achieve the key objectives of...
Persistent link: https://www.econbiz.de/10014898213
Nonlocal investors purchase and sell investment property in a distant metropolitan area. In this study, we identify capital value underperformance for nonlocal investors on both sides of the transaction, when they purchase and when they sell. The commercial real estate transactions data include...
Persistent link: https://www.econbiz.de/10011155134
An appraisal task involves the rendering of market value, an unobservable and hypothetical construct. Direct feedback against this objective is typically not possible, so alternative feedback such as confirmation of previous appraised values may be employed. This may alter the appraiser's...
Persistent link: https://www.econbiz.de/10010740959
Property decision-making is typically characterised as a structured, rational process, using fundamental data and leading to optimal decision making. To augment, or substitute for deficiencies in, such data, property investors may turn to perceptions of investor or market sentiment. While...
Persistent link: https://www.econbiz.de/10010799413
We investigate whether nonlocal buyers of real estate pay different prices for similar assets as compared to local buyers. An efficient real estate market would operate against this but empirical studies leave the question unresolved. While some studies fail to detect or confirm price...
Persistent link: https://www.econbiz.de/10010800055
[abstract missing - contribution appeared in the programme]
Persistent link: https://www.econbiz.de/10010800057