. There is a rich body of literature on the effects of inflation hedging on the returns of stocks, bonds, and real estate. We … findings on inflation hedging. Since the relationship is generally positive and over proportional, we find that real estate is …

The aim of this study is to examine the inflation-hedging characteristics of real estate investments with a view to … perverse hedge. The hedging characteristics of real estate across inflation components (actual, expected and unexpected) were …