This paper reviews the literature on price determination in the private and public real estate
markets. In particular, it discusses the processes of appraisal smoothing in the private …

According to literature, oil price shocks and volatility can have sector-specific impacts in the
market. While these studies include most asset groups, the dynamic relationship between …

The aim of this study is to examine whether securitized real estate returns reflect direct real
estate returns or general stock market returns using international data for the US, UK, and …

Within a Markov regime-switching VAR framework, we investigate the contagion effects
among the stock market, real estate market, credit default market, and energy market …

Liquidity in private asset markets is notoriously variable over time. Therefore, indices of
changes in market value that are based on asset transaction prices will systematically reflect …

This paper examines the link between REIT, financial asset and real estate returns, and tests
whether it changed subsequent to the “REIT boom” of the early 1990s. The main focus is on …

A great deal of research has focused on the links between stock and bond market returns
and macroeconomic events such as fluctuations in interest rates, inflation rates, and …

This study reviews the most recent findings on real estate returns, and organizes the reviews
into five categories:(1) risk and returns;(2) diversification and portfolio optimization …

The paper investigates the extent of the impact from “hot money” or speculative capital inflow
on the fluctuations of China's real estate market and stock market. The results indicate that …

The poor performance of the Stock Market in the United States up to the middle of 2003 has
meant that real estate investment trusts (REITs) are increasingly been seen as an attractive …