ERES:conference

The role of institutions in housing markets has a significant bearing on the output and quality of housing. Building and planning regulations in particular help shape how housing is produced, exchanged and consumed. Due to the fragmented and differentiated nature of housing markets across and...

Hedonic price modelling is widely used as a technique for the assessment of property value, estimating demand for specific attributes of housing and neighbourhoods, analysing price indexes for different types of property, etc. Although there are many studies that try to explain the value of...

ERES:conference

ERES:conference

ERES:conference

It has been widely agreed in real estate literature that housing submarkets should be adopted as a working hypothesis. This paper revisits the housing sub-market hypothesis and seeks to spatially delineate residential market segments using Hong Kong geo-coded transaction data. Spatial...

In this paper we examine empirically the closed-end fund puzzle for stock quoted Swiss real estate mutual funds in 1970-2003. For this period shares of those mutual funds are predominately quoted with a premium to the net asset value. Using a panel approach we examine whether both the rational...

This paper proposes an improved net rate analysis using the assessed land values to proxy market land values in real estate appraisals. Compared to the traditional sales comparison approach, the method has greatly simplified the comparison process and extended the potential pool of comparable...

During the last years, the Greek real estate market has increasingly internationalized, mainly due to the financial liberalization. Globalization requires the broad use of the international valuation standards in accordance to the International Accounting Standards, under the pressures of EU and...