Le " La crise du logement ! " est un signifiant qui circule puissamment. Bien que l'évidence d'une telle crise soit assez discutable, il s'affirme, indépendamment. Certains traits de ce discours indiquent qu'il porte plus que lui-même, il est l'un des avatars contemporains du Malaise dans la...

The recent growth of the real estate indexed derivatives market calls for a greater attention to the pricing of these products. This paper contributes to the literature providing a simple connection between instruments such as year on year zero coupon swap or real estate indexed forwards. A...

The reversibility phenomenon in the repeat-sales index is a serious obstacle for derivatives products. This article provides a solution for this problem, using an informational reformulation of the RSI framework. We present first a theoretical formula (simple, easy to interpret, and easy to...

The presence of nearby public facilities has an impact on real-estate values; for this reason, the market may reasonably anticipate that public infrastructure projects will affect house prices. But undesirable and semi-desirable facility location choices may be contested by nearby residents, as...

The purpose of this paper is to investigate the factor structure of the real estate forward curve dynamics. Four years of price data on the UK Investment Property Databank (IPD) Total Return Swap All Property are analyzed. The choice of the UK market is justified by the fact that this market is...

For some years, real estate and finance have become more and more interlinked. The application of the powerful tools developed in finance for this field of knowledge seems promising; mortgage valuation method developed by Kau, Keenan, Muller, Epperson (1992) being a major example of this. This...

The objective of this research is to study the determinants of the use of intermediated solutions by homeowners. The theoretical perspective of perceived transaction costs provides a relevant framework for understanding the existence of this type of transaction in the real estate sector. From a...