Rental adjustment equations have been estimated for a quarter century. In the U.S., models have used the deviation of the actual vacancy rate from the natural rate as the main explanatory variable, while in the UK, drivers of the demand for space have dominated the estimation. The recent papers...

Individuals are prone to significant errors when making value judgements through the use of heuristics (cognitive short cuts) to simplify decision making. This paper uses an economic experiment to investigate the strength of arbitrary anchors in judgements over house prices among a student...

Efficient markets should guarantee the existence of zero spreads for total return swaps. However, real estate markets have recorded values that are significantly different from zero in both directions. Possible explanations might suggest non-rational behaviour by inexperienced market players or...