During the past few years there have been many changes in financial reporting rules in EU countries. One significant change from the real estate point of view has taken place in balance sheet, where property investment account is switched to the asset side of the balance sheet, separate from the...

During the 1990s in many countries across Europe, government interference with housing supply was reduced in favour of a more market-orientated approach; i.e. private housing market agents (e.g. project developers) got the lead under the direction of local municipalities. In short, this didnít...

The increasing interest in the potential use of fiscal incentives as a mechanism for stimulating urban renewal has been highlighted by a number of influential sources such as the UK governmentís 1999 Urban Task Force Report. However there is a lack of empirical research in the property...

ERES:conference

Property companies and REITs make a significant contribution to the global stockmarkets; currently accounting for £1.1 trillion in market capitalisation, with significant public information available for both property company and REITs. This has seen investors focus on these transparent...

There is little published research into public reactions to the provision of High Voltage Overhead Power Lines (HVOTL) in Australia. HVOTL infrastructure can create externalities and perceived threats to the immediate environment and adjoining residents. Their intensity will vary according to...

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...

Polish real estate market is still displaying downturn characteristics, the consequence of a difficult financial situation of the whole country. Real estate requires considerable financial outlays. At the same time, there are no free assets for investment on the market and business entities have...

In the paper a step-by-step model will be developed that enables the valuation of land- and real estate development projects with multiple embedded real options that are subject to both market risk in the form of fluctuating gross market values, and project specific risk in the form of uncertain...

The aim of this paper is to analyze Baltic shopping centre segment dynamics in the context of changing economy. Changing environment ñgrowing or decreasing wages and impact to purchasing power has a direct impact on demand and supply in the shopping centresí (SC) market. Deeper analysis of...