Borgersen, Trond-Arne - In: Journal of European Real Estate Research 13 (2020) 2, pp. 149-159
Purpose: The purpose of this paper is to highlight the relation between the loan-to-value (LTV) ratio and the price-rent (PR) ratio. The paper intends to relate the PR-ratio to housing return and the potential for a leverage gain in housing investments by considering the funding structure of...