Investing in real estate, as in any other market, involves risk. To assess investment risk, different measures are used, including measures based on probability distribution (like volatility measures and safety level) as well as measures based on distribution function (the probability of not...

Because homeownership represents the largest investment many individuals make, and the risks of competing mortgage products are not well understood, we develop a framework to quantify credit risks of mortgage products. We use simulations to examine the default rates of five types of mortgage...

"When the Real Estate Clock hits the evening hours and markets are experiencing a decline in vacancy rates, it is time for owners and developers to look at a more efficient and sometimes """"sexy"""" way of proposing their stock to the market. A number of different factors can drive tenants to...

ERES:conference

Value at Risk is a convenient and popular risk measurement tool. It represents the maximum potential loss on a specific portfolio of financial assets given a specific time horizon and a confidence interval. Principally Value at Risk is used in finance for risk management, financial reporting and...

ERES:conference

Timberland is now regarded as a long-term investment with both institutional investors and absentee owners. This paper utilises the IPD Forestry index to examine the performance of UK timberland over the period of 1987-2006. Forestry land in both Australia and the US was found to provide...

[abstract missing - contribution appeared in the programme]

Risk diversification is important to all investors. However, commercial real estate investors in the UK tend to concentrate their holdings in relatively few properties; as a consequence they are vulnerable to significant risk of underperforming the overall market or a target rate of return....

Lack of land for a large project in Taiwan is not only a problem for housing but also for office and retailing development. In order to satisfy the requirements for eminent office spaces and high-end shops to be located in a prime location, developers often engage in the assembly of a number of...