The lack of a consistent definition of foreclosure discount and variety of methods to quantify the phenomenon gives rise to discount rates that vary from nonexistent to sizeable across different locations and time periods. We define the foreclosure discount as the discount of the realized...

Much attention has been paid to capitalization rates or “cap rates?defined as the net operating income over transaction price, also known as a “going-in?current yield on commercial real estate when calculated at the time of purchase. We know that there are a number of global factors...

Purpose: This study aims to investigate countries without national property insurance and see how experience affects behavior toward higher-risk flood prone property. Design/methodology/approach: Using a unique data set that captures the flood experiences of homeowners that search for new...