Property Indices such as the ROZ/IPD Real Estate Index rely on valuations. For this valuation guidelines, that should be used by the valuers, have been developed. Recent studies on uniformity and consistency of valuations for the ROZ/IPD Real Estate Index indicated that both the guidelines and...

Purpose – The purpose of this exploratory paper is to examine the efficient market theories and to argue that a new paradigm or an expanded paradigm is needed for the valuation of real estate. This may actually not be a new paradigm but it may be necessary to go back in time to make the...

The ROZ/IPD Property Index publishes the performance of the institutional investors in real estate in The Netherlands for the past 15 years. The index is based on property valuations. The valuation data is collected and creates a unique dataset. This large dataset gives great research...

ERES:conference

ERES:conference

[abstract missing - contribution appeared in the programme]

"The ROZ/IPD Property index was established in 1994 to publicize an independent index on directly held real estate in the Netherlands. The real estate universe is split into the sectors: retail, offices, industrial, residential and mixed use/other. Based on the heterogeneous characteristics of...