Press articles in Germany that predicted a severe decline in property prices within certain regions caused by demographic developments have recently served to undermine the people's sense of security. This lead to an intense debate if and to what extent property price trends are affected by...

Sustainability continues to gain relevance in the real estate sector. More and more owners and investors are requesting information and advice concerning sustainability features of their properties. This development represents a challenge to property valuation. Valuation professionals are...

In the absence of appropriate comparable sales data property valuation literature suggests building up the capitalisation and/or discount rate starting from a risk free rate. In response to this need the basic purpose of this paper is to explore and explain actual returns in different property...

Real estate is considered more and more as an asset class that has to compete with other financial investment options like stocks and bonds. Additionally, real estate is often included in multi-asset portfolios for diversification purposes since academic research suggests that real estate...