Summary In a framework of a monetary asset pricing model with production the effects of monetary and fiscal policy shocks are investigated. The model is kept simple enough to generate explicit formulae for the equilibrium price functions. With money yielding liquidity services in the exchange...

Purpose Even as multi-story apartment building development proposals in existing neighbourhoods represent a substantial component of policy debate at local planning boards, there is limited evidence for the impact of such residential developments on surrounding apartment values. This paper aims...

Purpose The paper employs a unique online user-generated housing search dataset and introduces a novel measure for housing demand, namely “contacts per listing” as explained by hedonic, geographic and socioeconomic variables. Design/methodology/approach The authors explore housing demand by...

Purpose This paper aims to use the user costs approach to identify the periods of over- and under-valuation in the Baltic residential real estate markets. Design/methodology/approach Three alternative estimates of the user costs of homeownership in the Baltics are computed: one that does not...

Purpose Even as many countries are facing changes in demographic profile and new types of senior housing developments are becoming more important, there is limited evidence for the development impact of a senior house on surrounding residential property values. The purpose of this paper is to...

Purpose The purpose is twofold. First, this study aims to establish that black box tree-based machine learning (ML) models have better predictive performance than a standard linear regression (LR) hedonic model for rent prediction. Second, it shows the added value of analyzing tree-based ML...

Purpose The purpose of this paper is to explore the significance impact of air quality as a contributing factor on residential property rents by applying geo-informatics to economic issues. Since air pollution poses a severe health threat, city residents should have a right to know about the...

Purpose This study aims to provide a framework for assessing the technical condition of a house to determine its market value, including the identification of other price-setting factors and their statistical significance. Time on market (TOM) in relation to the technical condition of a house is...

Purpose This study aims to know to what extent do the commercial and residential estate markets move together in different economies? Do the shocks originating in one of these markets spillover to the other markets? Design/methodology/approach The authors apply a modified version of the dynamic...

Purpose – The aim of this paper is to get an insight into the potential determinants of foreign direct investment (FDI) for a panel of ten OECD member countries over the period of 1985‐2009. Design/methodology/approach – Granger causality tests have been implemented in the study to...