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 paper develops a statistical method for defining housing submarkets. The method is
applied using household survey data for Sydney and Melbourne, Australia. First, principal …

We maintain that the appropriate definition of submarkets depends on the use to which they
will be put. For mass appraisal purposes, submarkets should be defined so that the accuracy …

In this paper, we analyse the determinants of the capital structure for a panel of 104 Swiss
companies listed in the Swiss stock exchange. Dynamic tests are performed for the period …

This paper studies actual (real) house prices relative to fundamental (real) house values.
Such a focus is warranted since housing constitutes a large fraction of most household …

Property investment markets and applied property research are now recognised as an
increasingly important international phenomenon. Written by two of the most respected …

This paper compares alternative methods of controlling for the spatial dependence of house
prices in a mass appraisal context. Explicit modeling of the error structure is characterized …

The impact of views on property values has not been the specific focus of as much research
as has the impact of other externalities on property values. When the impact of views is …

This paper presents the sale price appraisal ratio (SPAR) method for constructing house
price indexes. The method, which uses ratios of transaction prices and previous appraised …

This paper compares alternative methods for taking spatial dependence into account in
house price prediction. We select hedonic methods that have been reported in the literature to …