The seminal study by Fama and MacBeth (1973) initiated a stream of papers testing for the cross-sectional relation between return and risk. The debate wether beta is a valid measure of risk has been renimated by Fama and French (1992) and subsequent studies. Rather than focusing on exogenous...

This study investigates the short term inflation hedging characteristics of U.K. real estate compared to other U.K. investments.

In this paper, cluser analytic techniques are used to examine dimentions of diversification in UK commercial real estate markets.

Property portfolios are traditionally constructed by diversifying across geographical areas, property types or a combination of both. In the UK it is normal practice to use regions rather than towns or local markets areas as the geographical divisions. In this paper cluster analysis is used to...

Le role de l'investissement immobilier dans la constitution de portefeuilles diversifies a fait l'objet, depuis plusieurs annees deja, de nombreuses etudes. Pour les investisseurs institutionnels, et en particulier pour les fonds de prevoyances, il s'agit au prealable d'examiner de facon...

We present 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. Responses by homeowners in the Geneva, Zurich and Lugano areas to questionnaires involving...

Cet article a pour but principal de discuter les caracteristiques du benchmarking immobilier et ses conditions d'application.

In this paper constant quality price indices are constructed for three categories of real estate in Geneva: Apartment building, vacant land and condominiums. We use both hedonic and repeat sales models to estimate the rate of price change on these three submarkets.

De nombreuses études ont montré que l'immobilier constitue un vecteur de placement très intéressant dans une optique de diversification d'un portefeuille mixte. Deux types de placements immobiliers peuvent être considérés : les placements directs et les placements indirects. Dans cet...

The aim of this paper is to gain a better understanding of the characteristics related to the environment of single-family houses in the greater Geneva Area.