Purpose The purpose of this paper is to present a framework for the assessment of the fundamental value of house prices in the largest Ukrainian cities, as well as to identify the thresholds, the breach of which would signal a bubble. Design/methodology/approach House price bubbles are detected...

Purpose – The purpose of this paper is to demonstrate the application of robust techniques to the estimation of hedonic house price indexes. Design/methodology/approach – The authors use simulation analysis to compare an index estimated using ordinary least squares (OLS) with several indexes...

A comparative study of perceptions concerning the environmental quality of residential real estate in Switzerland based on empirical data collected in three different linguistic regions is presented. Responses by homeowners in the Geneva, Zurich and Lugano areas to questionnaires involving...

Purpose – To address formally the issue of uncertainty in valuing real estate. Design/methodology/approach – Monte Carlo simulations are used to incorporate the uncertainty of valuation parameters. The probability distributions of the various parameters are constructed using empirical data...

Purpose – This paper aims to review major changes on real estate markets in Europe and to analyse the impacts of such changes. Design/methodology/approach – The paper provides an overview of the various equity real estate investment vehicles available to investors, with particular focus on...

The aim of the paper is to investigate locational attributes of commercial real estate which are defined in terms of a collection of qualitative appreciations by office users in the Geneva region in Switzerland. The empirical analysis of these environmental quality appreciations was carried out...