ERES:conference

This paper examines office market performance at a city level in Britain. Markets in Birmingham, Edinburgh, Glasgow, Leeds, Manchester, the City of London and the West End (of London) are examined. The paper analyses the key determinants affecting office markets and compares similarities and...

In the UK, around 55% of householdsí net worth is in housing. More than 70% of households in the UK own a house and holding such a large amount of undiversified real asset poses risk. It is not always that a house would appreciate in value, though a housing investment has been recognised as a...

In housing transactions, the selling price is often different from the asking price, being either higher or lower. In setting an asking price, sellers may be motivated by their personal as well as economic circumstances. Thus if they sell because of a job related move they may wish to sell...

Modern commercial office market in Shanghai emerged with Chinaís economic reform and open door policy in the 1980s and grew fast at the beginning of 1990s, with increasing demand for office space from foreign and domestic occupiers. Though total real estate investment is skewed towards...

Over the last three decades housing economists have shown increasing interest in the analysis of the length of time a property spends on the market. This literature provides useful insights into the operation of local housing markets. It is clear, for example, that an appreciation of the factors...

An enigma has emerged in the UK mortgage possessions data. As expected, possessions in England and Wales have been decreasing in line with falling unemployment and interest rates, but in Scotland, possessions are actually on the increase. This puzzling pattern in the data forms the rationale for...

This paper represents the first systematic attempt to develop an econometric model of retail rent determination in Chinese cities. It investigates rent determination in three major Chinese retail centres – Beijing, Shanghai and Guangzhou – over the period 1999 to 2012. The study...

The awkward issue of high NAV discounts to share price continues to plague the management of European listed property companies as well as its shareholders. Whilst the share trades at a discount new investment decisions compete against a share buy back. From a cost of capital point of view this...

Most empirical analysis of property development treats the sub-components of the construction industry as independent of each other. For example, models of housing construction typically do not consider any possible relationship with industrial or commercial construction. New building and repair...