Showing 41 - 50 of 129
This paper deals with the relation between the term structure of rents and future spot rents.
Persistent link: https://www.econbiz.de/10005843395
Real estate market data often contain outliers in the observations. Since outliers have a large influence on least squares estimates, robust regression methods have been recommended for this situation. Compares the performance of least squares and least median of squares, a robust method, in the...
Persistent link: https://www.econbiz.de/10014898406
Purpose – This explorative case study focuses on property investment decision making from a behavioural perspective at the very microlevel. The study contributes to an understanding of how property investors manage the decision‐making process, including organizational aspects, property...
Persistent link: https://www.econbiz.de/10014898991
Assessors perform property valuations for the purpose of tax assessment. Buyers and sellers make investment decisions culminating in a market price. The valuation by assessors is supposed to be fair and equitable and to amount to a prescribed proportion of market value. We investigate the...
Persistent link: https://www.econbiz.de/10011135015
The effect of distance from the city centre on selling price, tax assessment and gross income is investigated for income property in proximity to the city centre. Hedonic estimation with a multiplicative model specification is used to estimate the relationship between property characteristics on...
Persistent link: https://www.econbiz.de/10011135192
"Rent setting behavior of landlords relates to rental rates on new leases, while tenant demand for space depends on the average rental rate on existing space. Thus models of the space market need to identify the roles of these two rates. A market or new lease rent series is constructed for the...
Persistent link: https://www.econbiz.de/10011154182
This study addresses how property appraisers forecast one important component of the commercial property valuation model: net operating income. We compare appraisers’ <italic>ex ante</italic> forecasts with corresponding <italic>ex post</italic> figures from company financial reports. The data are from the Swedish Property...
Persistent link: https://www.econbiz.de/10010975388
We analyse whether segregation exists in the rental housing market in Stockholm, Sweden, a market under persistent and all-embracing, yet “soft”, rent control. We use segregation measures for the uncontrolled cooperative housing segment as benchmarks for analysing whether rent control...
Persistent link: https://www.econbiz.de/10011051512
Though rent control is widely criticized in academic analyses, it might have some positive effects, and its supporters argue that it promotes social integration in cities. Whether this expectation is empirically supported, however, is rarely analysed. <p> We analyse whether segregation exists in...</p>
Persistent link: https://www.econbiz.de/10011019074
Persistent link: https://www.econbiz.de/10006658599