The purpose of this paper is to provide a classification of the insight into the new approach of the real estate analyze. This approach is based on the space based built up of the property and on the other hand on the workout of the time based analyze of it nature, firstly represented in the...

Due to the recent downturn of international equity markets the interest in real estate investments has soared. However, the well know problems of direct real estate investments complicate becoming well diversified with this investment class. Securitised forms of real estate investment can...

This paper examines the geographical investment practices of institutional investors in the commercial real estate office market in 1998 and 2003 in England and Wales, using some previously unused datasets. The findings show that investors concentrate their holdings in a few (urban) areas and...

ERES:conference

Please enter your abstract text here.The commitment of the state to housing policy has been argued as sometimes goes beyond the generality of the need for decent housing for all households. Pluralist theories of housing provision have popularised the view that housing policy is a relatively...

University of Alicante has a population about 30.000 people that forces to an administration and planning of the infrastructures with an only objective, the best resources optimization, itís characterized by a constant variability. The SIGUA project, developed and maintained in the LabSIG from...

Real Property on average accounts for ten to forty percent of corporate market value. Its relevance for Shareholder value however, has not yet been analyzed satisfactorily and existing studies focus on cash flow aspects. Impact and potential of finance aspects have been neglected. This study...

This paper analyses the relevance of management contracts for the finance of hotel projects and delivers a scheme for decision making for the question. Using modern approaches to finance different forms of contracts between the landlord and the hotel-management can be seen as a continuation...

This paper comments on the procyclicality of mortgage lending. By applying a framework for credit constraints along the lines of Kiyotaki and Moore (1997), the credit risk assessments underlying mortgage lending is shown to contain a potential regime shift. Depending on the relationship between...

The idea of the European Union is to achieve greater harmonisation across member states through a common monetary policy, more trade in goods and services, freer capital markets and more labour market integration. These ingredients are expected to make the countries more similar with respect to...