Jones, Colin; Dunse, Neil; Cutsforth, Kevin - In: Journal of European Real Estate Research 8 (2015) 2, pp. 153-171
Purpose – The purpose of this paper is to analyse the gap between government bonds (index-linked and long-dated) and real estate yields/capitalization rates over time for the UK, Australia and the USA. The global financial crisis was a sharp shock to real estate markets, and while interest...