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...

Real Estate Investment Trusts are being introduced throughout the world. This paper examines whether their introduction will promote private investment in rented housing. It draws on the evidence from the USA and Australia where residential REITs have been established successfully and...

Purpose – This paper aims to examine how the exogenous shock of the global financial crisis has had a differential impact on the housing markets of the USA and UK. Design/methodology/approach – The paper begins by examining the nature and dynamics of the global financial crisis. It presents...