The global financial crisis was a sharp shock to real estate markets and while interest rates and government bond yields fell in response around the world, real estate yields (cap rates) have risen. The objective of this paper is to analyse the gap between government bonds (index-linked and long...

The last three decades have seen substantial change in real estate portfolios of financial institutions. This paper begins by first charting this restructuring of the institutional real estate portfolio between industrial, offices and retail classes over the last thirty years in the UK. This...

It has been argued that investors overlook investment opportunities in the real estate markets of the UK outside London. This paper examines the fundamentals of real estate markets in British provincial cities. It analyses the diversification potential for investing and differences in expected...

Contributors -- Glossary -- Introduction : the housing economy and the credit crunch -- The housing boom, the bust and US housing policy -- Housing bubbles and foreclosures that follow : the case of Las Vegas -- Unemployment risk, homeownership, and housing wealth : lessons from the bubble --...

The residential housing market can play an important role in the reduction of global carbon emissions. Energy rating is viewed as an effective tool for reducing energy consumption since the information conveyed may help to encourage energy conservation among private households. This paper...

The question of what sort of residential mix is most ësustainableí is much debated by UK policy makers. It would seem obvious that an appropriate mix of new housing provision would cater for the diverse needs and incomes of households. However, there is strong evidence within the UK that...

Guidance Note 1 of the Red Book (RICS, 2003) states that the valuation of an operational entity includes four components: the land and buildings; the trade fixtures and fittings; the trading potential, excluding personal goodwill; and the benefit of any transferable licenses and consents. While...

"In Scotland, sellers of houses are typically faced with choosing from one of two pricing systems - offers over or fixed price ñ to market their property and achieve the ""best"" price in the open market. In the offers over system, sellers set a reserve price and interested parties bid through...