The aim of this study is to explore ways to maximise the economic returns of road infrastructure investment. In order to achieve this objective, the study was divided into five parts involving the following: analysing the nature of road infrastructure, determining the relationship between road...

Purpose – The purpose of this paper is to consider the impact of urban design master plan projects in the Australian context of Brisbane. It first reviewed the general ramifications of urban design projects on property markets. The local impacts of two major projects were then analysed and...

Purpose – The purpose of this paper is analyse to what extent the high price had led to low levels of housing affordability in the period 2002‐2006 in Beijing. Due to the importance of housing for local residents and the crucial position that real estate market in the Chinese economy is...

Purpose – The purpose of this study is to investigate the determinants of returns on housing in Iran by analyzing capital appraisals, rents, and total returns. Design/methodology/approach – This study uses data from 28 provinces of Iran over the period of 2000‐2007. Using generalized...

Despite improvements in certain countries in recent years, the provision of performance information on the direct real estate market still suffers from a lack of timeliness and reliability. The latter problem is particularly an issue for higher‐frequency data provision. This paper investigates...

Purpose of the paper – This research paper has two objectives. The first is to shed light on the consistency in and quality of the applied valuation models. The second objective is to analyse uniformity on important valuation input variables throughout 1994‐2002. Design/methodology/approach...

Purpose – The purpose of this paper is to demonstrate how fixed‐share prices, as a structural flaw in private equity funds targeted to small‐unit investors, economically disadvantages those investors in favor of sponsors. Design/methodology/approach – The theoretical model incorporates...

Purpose – The purpose of this paper is to propose advice on the design of pilot real estate investment trusts (REITs) and the future development of a REITs market in China. Design/methodology/approach – This study presents a qualitative analysis on unique attributes of the Chinese market....