The authors aim to extend previous literature on variations in returns across local office markets by examining the linkage of office market dynamics (viz. dynamics in stock, vacancy and direct and indirect returns) at the European Metropolitan level to the institutional structure of local...

The authors aim to extend previous literature on variations in returns across local commercial markets by examining the linkage of commercial market dynamics (viz. dynamics in stock, vacancy and direct and indirect returns for offices and retail units) at the European Metropolitan level to...

The European real estate industry is still growing fast, both in terms of employment and output. This rapid expansion takes place with new concepts but also in new areas, often across borders. The aim of this paper is to examine the growth strategies of three types of players on the Dutch real...

The real estate market is characterized by high transaction costs compared to other markets caused by its relative intransparency and the involvement of many agencies. Transaction costs have been widely discussed in relation to the housing market with much attention to the role of public...

Literature on corporations shows a strong interest in strategies, the way these are implemented and the effectiveness of the applied instruments. Notably Ansoff, Hewlett, Kim/Mauborgne and Porter have launched interesting concepts as to what type of strategies can be differentiated and under...

This paper considers commercial real estate markets relative to credit cycles of expansion and contraction. In this paper we integrate insights from the credit literature with insights from the long-standing literature on rental price adjustments in the space market. Do rental prices determine...

This paper considers the dynamics in real estate development over time. We extend earlier literature by considering the relationship between the various markets of housing, retail, offices and industrial real estate. Does residential real estate development complement or substitute for...

Understanding of one of the major building blocks of real estate development is at least partial. How do firms in the construction sector perform? Does the relative performance change over the business cycle? Do differences in performance relate to observable characteristics? Understanding the...

We introduce a methodology to estimate the households' marginal willingness to pay for housing characteristics in regulated housing markets, where houses and households are matched using queueing time. For the Amsterdam Metropolitan area, the households' marginal willingness to pay for the...

"This paper addresses the interplay between immigration and housing market dynamics in Israel. The case of Haifa offers a typical non-controlled experiment on how demographic shocks and associated changes in housing demand affect the housing market. The specific pattern offers the opportunity to...