The present study constructs a model of retail rent determination at the aggregate level in the United Kingdom. While recognising the influence of very localised factors in the determination of retail rents, this paper explores the importance of broad economic forces and trends in the retail...

This article adopts an unrestricted vector autoregressive framework methodology to examine the cyclical activity of office property development in Great Britain. The empirical analysis provides supporting evidence for the significant influence of office rents on the rate of new office...

This study examines the cyclical pattern of retail property development in Great Britain. It develops and estimates an econometric model of the volume of new development starts for retail buildings. Within the theoretical framework proposed, a dynamic specification based on changes in real...

This paper considers the effect of short- and long-term interest rates, and interest rate spreads upon real estate index returns in the UK. Using Johansen's vector autoregressive framework, it is found that the real estate index cointegrates with the term spread, but not with the short or long...

This paper examines the impact of local public amenities on house prices in the islands of Greece. By taking the Greek islands as the case study, which has not been studied in detail on this topic, we analyse how the presence of a public hospital, an airport, a higher educational institution...

This paper undertakes a comparative analysis of the office market performance, measured by rents, in two dynamic Nordic office centres Helsinki and Stocholm. A set of factors are considered to study the cyclical activity in rents in these markets. These factors capture the national and regional...

ERES:conference

Significantly falling and rising property yields, which characterized the European real estate investment scene in the last 10 years, raise the key question of whether market pricing has been in line with fundamentals and rationality. Was the magnitude of the yield shifts, in particular the fall...

ERES:conference