The decision of buying residential property may be one of the most important transactions
people will ever make, and the emotional attachment when houses become homes is …

In this article, we give an overview of the state of scientific knowledge on inflation hedging.
Specifically, we distill the results of several decades of research analysing the relationship …

The author examines the US real estate sector to show how the state shapes global real
estate flows and networks of activity through the creation and control of liquid resources. The …

Discover an insightful examination of the property investment appraisal process from
leaders in the industry This book explains the process of property investment appraisal: the …

This paper provides an international comparison of the benefits of including real estate
assets in mixed-asset portfolios. Real estate returns are desmoothed using a variant of the …

This article addresses the micro‐analytic foundations of illiquidity and price dynamics in the
real estate market by integrating modern portfolio theory with models describing the real …

This article presents a methodology for producing a quarterly transactions-based index (TBI)
of property-level investment performance for US institutional real estate. Indices are …

Historic analysis of the inflation hedging properties of stocks has produced anomalous
results, with stocks often appearing to offer a perverse hedge. This has been attributed to the …

Many farmland valuation studies rely on survey estimates to form the dependent variable in
a first-stage hedonic model. This study, based in New York State, provides a microscale …

This paper studies the pricing of the risk associated with the location of the assets. The local
real estate market risk is measured by 'local beta', which combines the systematic risk of …