This paper investigates whether the prices of UK equity-traded property stocks over the past fifteen years contain evidence of a speculative bubble. Speculative bubbles are generated when investors include the expectation of the future price in their information set. In the presence of...

This paper examines the performance of various statistical models and commonly used financial indicators for forecasting securitised real estate returns for five European countries: the UK, Belgium, the Netherlands, France and Italy. Within a VAR framework, it is demonstrated that the...

This study estimates models of industrial rents at the national level in Great Britain. James Lan Wooten and CB Hillier Parker rent indices are used to model changes in real rents. These changes are positively related to changes in real GDP and inversely affected by absorption, as measured by...

"This book presents an easy-to-read guide to applying quantitative analysis in real estate aimed at non-cognate undergraduate and Masters students, as well as meeting the requirements of modern professional practice."

This paper provides a study of new retail development, proxied by the volume of new orders for retail building works, at the aggregate level in Great Britain. A regression model and a VAR system are estimated based on a theoretical framework that relates the level of new orders to changes both...

This study presents an econometric investigation of office building development in Great Britain. The results show that the cyclical activity in office development, measured by the changes in the office building output series compiled by the Department of the Environment, is explained by the...

A three-equation simultaneous system is used to model the industrial property market in Great Britain. Strong relationships are found between new industrial building supply and both real rents and construction costs, and between rents, industrial floorspace availability and the gross domestic...