Purpose – The purpose of this exploratory paper is to examine the efficient market theories and to argue that a new paradigm or an expanded paradigm is needed for the valuation of real estate. This may actually not be a new paradigm but it may be necessary to go back in time to make the...

Purpose – The purpose of this exploratory paper is to examine the lack of reliability of traditional neo-classical models and to argue that it is due to the hidden complexity and non-linearity that may operate at times in residential housing markets. As a result, market efficiency may be a...

Purpose – This paper seeks to consider selected aspects of the relationship between real estate valuation, human cognition, and translational research. Its purpose is to introduce the concept of cognitive risk, to propose a framework for mitigating it, and to develop a stream of translational...

Purpose – The purpose of this paper is to measure the impact of a proposed biomass facility on prospective property values using the contingent valuation method. Design/methodology/approach – The paper uses a web‐based survey approach to measure respondents' reactions to two scenarios: one...

Purpose – The purpose of this paper is to propose a new way to measure risk in real estate investment, which departs from traditional statistical methodology borrowed from finance. Design/methodology/approach – An argument is advanced for the use of so‐called coherent risk measures for...

Purpose – Real estate investors invest more and more cross‐border, but the valuation practices in the different countries are not similar. For investors it is good to know the difference in valuations between the countries, therefore this paper aims to investigate the valuation practices in...

Purpose – This paper aims to present the results of a recent survey, in which faculty and educators who are members of the ARES, ERES, AsRES, PRRES and AREUEA were asked to rate their perception of 18 real estate journals currently available as academic publications (peer reviewed) to...