ERES:conference

In Germany, open-end retail funds represent the prevailing form of indirect real es-tate investment for private investors. End of 2007 more than 30 funds amounted to over 80 bn Euros in assets. The appraisal of such fundsí properties has been ques-tioned as fund performance used to show a...

In autumn 2004 FERI Institutional Management GmbH in collaboration with the Department of Real Estate at the European Business School, Germany designed and carried out the first broad interview based research study on the German institutional real estate market. Representatives of 50 German...

During the past few years there have been many changes in financial reporting rules in EU countries. One significant change from the real estate point of view has taken place in balance sheet, where property investment account is switched to the asset side of the balance sheet, separate from the...

During the 1990s in many countries across Europe, government interference with housing supply was reduced in favour of a more market-orientated approach; i.e. private housing market agents (e.g. project developers) got the lead under the direction of local municipalities. In short, this didnít...

The increasing interest in the potential use of fiscal incentives as a mechanism for stimulating urban renewal has been highlighted by a number of influential sources such as the UK governmentís 1999 Urban Task Force Report. However there is a lack of empirical research in the property...

ERES:conference

Property companies and REITs make a significant contribution to the global stockmarkets; currently accounting for £1.1 trillion in market capitalisation, with significant public information available for both property company and REITs. This has seen investors focus on these transparent...

There is little published research into public reactions to the provision of High Voltage Overhead Power Lines (HVOTL) in Australia. HVOTL infrastructure can create externalities and perceived threats to the immediate environment and adjoining residents. Their intensity will vary according to...

In the absence of appropriate comparable sales data property valuation literature suggests building up the capitalisation and/or discount rate starting from a risk free rate. In response to this need the basic purpose of this paper is to explore and explain actual returns in different property...