"The construct ""Mortgage Lending Value"" (MLV) is used almost exclusively within the German-speaking countries. In contrast, until today most other countries haven't paid much attention to this value.1 When funding real estate investments, it is in most cases sufficient to calculate the market...

The paper analyses the characteristics of institutional investments in the German real estate market and refers to the study of íInstitutional Investments in Real Estateî presented by Michael Truebestein and Wolfgang Schaefers at the 12th Annual European Real Estate Society Conference in...

Three distinct but related markets ñ the market for space, the capital market and the market for physical assets ñ contribute jointly to commercial property performance. Typically supply and demand in each of these markets is analyzed in isolation. A simple graphical analysis, similar in...

Past intra-urban mobility studies have shown that the decision to seek a new residence is generated by a multiplicity of push and pull factors interacting in a complex manner to influence the íplace utilityî derived by a household. The household is likely to initiate a move to an alternative...

The expansion of large shopping centres and, more recently, of íbig boxî outlets and ípower centresî in North-American and West European urban areas is a major feature of the retail trade sector development. While several internal and external factors affecting retail facilities design and...

"This study investigates whether decision-makers are subject to behavioural biases when buying second-hand residential property. The research was conducted during 2005 when the Irish market was experiencing a property boom and demand for second-hand residential houses was higher than supply...

There are about 5,500 enterprises, shares in 1,000 joint-stock companies (with state-owned block of shares constituting more than 25% in 830 companies), sizable areas in non-residential fund on the state property list. Until recently the objectives of management for a particular property unit...

Criticisms from within and without the appraisal fraternity have led to a quest for íaccurateî valuations. Studies that hitherto have been done on the issue have given conflicting results. While some studies (e.g. Drivers Jonas/IPD, 1988, 1990, 1992 & 1997; Brown 1985 & 1992) have found valuations...

The German valuation system is frequently accused of being not only unique in its institutional setting but also of the degree of smoothness it achieves. Formally adhering to a market value concept, German valuers are perceived to merely deliver on the promises made by fund managers who...

Presumably, real estate appreciation indices based on appraiser values do not reflect actual market value developments on real estate markets. Also the return volatilities of these indices do not reflect the actual risks on real estate markets. The reasons for this educated guess are that even...