This paper develops and simulates a model to examine whether land speculation is
primarily a cause of, or a symptom of, property cycles. The model suggests that the volatility …

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 …

Are global city office markets inherently unstable? This examination of office markets in
major world cities analyses the flows of capital that create urban form, the nature of …

We use constrained cross‐sectional regressions to disentangle the effects of various factors
on international real estate security returns. Besides a common factor, pure country, property …

This paper is focused on a proposed valuation method including real estate market cycle
analysis in real estate valuation process. Starting from early works on this field (d'Amato …

Purpose This paper aims to propose a new valuation method for income producing
properties. The model originally called cyclical dividend discount models (d'Amato, 2003) …

A new framework for understanding the underpinnings of real estate property value and the
role it plays in the larger economy Value in a Changing Built Environment examines the …

1.1 Introduzione 1 1.2 Importanza e dimensione dell'immobiliare 2 1.3 Caratteristiche
dell'immobiliare 8 1.3. 1 Caratteristiche dei beni immobiliari 8 1.3. 1.1 Immobilità 9 1.3. 1.2 …

This paper, derived within a general equilibrium framework, demonstrates that housing price
can be explicitly expressed as a combination of an exponential and linear function of …

In this paper, we use constrained cross-section regressions to disentangle the effects of
various factors on real estate security returns in 21 countries. A better knowledge of the risk …