This paper provides cross-country evidence of the linkage between real estate market transparency and the dynamics between direct and indirect real estate, which is seldom examined in the previous literature. First, by adopting a variance decomposition procedure, the proportion of indirect real...

After a historical peak in 2001 the Dutch non-residential real estate market is characterized by growing vacancy, discontinuity of building construction and uncertainty about development opportunities. The recession in 2008/2009 -and again in 2011/2012- strengthens the loss of demand, which...

"In the presence of increasing demand for single-family housing in suburban areas, many local jurisdictions have implemented land use strategies in order to curb the growth rate in new development. Such ""slow-growth"" strategies are aimed ostensibly at limiting development patterns referred to...

ERES:conference

Fragmented land ownership is widely believed to be responsible for the difficulties in assembling the contiguous land parcels for a more dense development. In order to acquire a large number of small land parcels, an often excessively-high price needs to be paid, if and only if all the owners...

Integrated analysis and rational decision-making is needed to mitigate the effects of recession in the construction and real estate sector. Crisis management involves numerous aspects that should be considered in addition to making economic, political and legal/regulatory decisions. This should...

This paper extends the existing literature on managing house price risk. While previous work finds that a hedger would have reduced a large amount of variance in housing returns in Las Vegas, Nevada using a static in-sample strategy in Chicago Mercantile Exchange (CME) futures contracts, we show...

ERES:conference

The ratio of freehold corporate property among German companies was on average at 70 % in the year 2000. This represents a level of ownership being more than twice as high as with their international competitors. Generally, not only German but all continental European companies exhibit a ratio...

This paper investigates property forecasting accuracy and its improvement. As it suggests, despite increased sophistication of property market modelling and forecasting, there still remains a degree of inaccuracy between model outputs and actual property market performance. Subsequently, the...