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...

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...

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>

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...

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...

ERES:conference

We study property investment decision-making from a behavioural perspective on the very micro level. We do this by analysing an extraordinary large real estate transaction that took place in the Swedish property market 2008. In an open-bid transaction the properties of the corporation Vasakronan...

ERES:conference