This paper proposes an improved net rate analysis using the assessed land values to proxy market land values in real estate appraisals. Compared to the traditional sales comparison approach, the method has greatly simplified the comparison process and extended the potential pool of comparable...

During the last years, the Greek real estate market has increasingly internationalized, mainly due to the financial liberalization. Globalization requires the broad use of the international valuation standards in accordance to the International Accounting Standards, under the pressures of EU and...

This paper conducts tests of the random walk hypothesis and market efficiency for twelve emerging securitized real estate markets as well as for four developed securitized real estate markets from 1992 to 2009. Random walk properties of equity prices influence return dynamics and market...

ERES:conference

Investing in real estate, as in any other market, involves risk. To assess investment risk, different measures are used, including measures based on probability distribution (like volatility measures and safety level) as well as measures based on distribution function (the probability of not...

Because homeownership represents the largest investment many individuals make, and the risks of competing mortgage products are not well understood, we develop a framework to quantify credit risks of mortgage products. We use simulations to examine the default rates of five types of mortgage...

"When the Real Estate Clock hits the evening hours and markets are experiencing a decline in vacancy rates, it is time for owners and developers to look at a more efficient and sometimes """"sexy"""" way of proposing their stock to the market. A number of different factors can drive tenants to...

ERES:conference

Value at Risk is a convenient and popular risk measurement tool. It represents the maximum potential loss on a specific portfolio of financial assets given a specific time horizon and a confidence interval. Principally Value at Risk is used in finance for risk management, financial reporting and...

ERES:conference