An important objective in the construction of real estate price indices is the creation of sub-indices by region or by neighbourhood. Environmental changes such as the improvement in the accessibility of a neighbourhood will result in different price changes across neighbourhoods. It is...

The measurement of house price movements is a vital topic from both academic and practical perspectives and hence has been the focus of much research. There is almost unanimous consensus in the literature that house price indexes should control for the quality of properties; the most widely used...

ERES:conference

Investors increasingly seek to go international on real estate markets. Many studies have been carried out with respect to the benefits of such strategies for stocks and bonds, but less attention has been given to real estate stocks. The aims of this study are twofold. First, a national analysis...

This paper examines whether the predictability of securitized real estate returns differs from that of stock returns. It also provides a crosscountry comparison of securitized real estate return redictability. In contrast to most of the literature on this issue, the analysis is not based on a...