Adjustment In Property Space Markets

Author : Peter Englund
Publisher : Unknown
Page : 48 pages
File Size : 48,7 Mb
Release : 2005
Category : Offices
ISBN : IND:30000095360131

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Adjustment in Property Space Markets by Peter Englund Pdf

Markets for property space adjust only gradually because tenants are constrained by long-term leases and landlords and tenants face transactions and information costs. Not only do rents adjust slowly, but space occupancy may differ from demand at current rent, giving rise to "hidden vacancies". We estimate the joint dynamics of office rents and vacancies using an error-correction model using a new lease rent series for Stockholm offices 1977--2002 estimated on 2,500 leases. It takes 5-10 years for the market to adjust to a shock. In a model simulation of a positive employment shock open vacancies fall from the natural level of 7 percent to below 4 percent, while hidden vacancies increase by about as much. Most of the variation in hidden vacancies over time is explained by the difference between demand at current and average rent on existing leases, which we calculate using data on contract lease length.

Author : Michael Ball,Colin Lizieri,Bryan MacGregor
Publisher : Routledge
Page : 422 pages
File Size : 48,9 Mb
Release : 2012-10-12
Category : Business & Economics
ISBN : 9781134749669

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The Economics of Commercial Property Markets by Michael Ball,Colin Lizieri,Bryan MacGregor Pdf

This new text provides a rigorous analysis of real estate markets. Three main sections cover: microeconomics of property markets the macroeconomics of commercial property the financial economics of property Global empirical examples illustrate the theories and issues. This often complex area is made accessible: each chapter contains a boxed summary and questions for self-testing or discussion.

Author : Rena Mourouzi-Sivitanidou
Publisher : Routledge
Page : 524 pages
File Size : 49,8 Mb
Release : 2020-08-06
Category : Architecture
ISBN : 9781000063165

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Market Analysis for Real Estate by Rena Mourouzi-Sivitanidou Pdf

Market Analysis for Real Estate is a comprehensive introduction to how real estate markets work and the analytical tools and techniques that can be used to identify and interpret market signals. The markets for space and varied property assets, including residential, office, retail, and industrial, are presented, analyzed, and integrated into a complete understanding of the role of real estate markets within the workings of contemporary urban economies. Unlike other books on market analysis, the economic and financial theory in this book is rigorous and well integrated with the specifics of the real estate market. Furthermore, it is thoroughly explained as it assumes no previous coursework in economics or finance on the part of the reader. The theoretical discussion is backed up with numerous real estate case study examples and problems, which are presented throughout the text to assist both student and teacher. Including discussion questions, exercises, several web links, and online slides, this textbook is suitable for use on a variety of degree programs in real estate, finance, business, planning, and economics at undergraduate and MSc/MBA level. It is also a useful primer for professionals in these disciplines.

Author : Ben Derudder
Publisher : Edward Elgar Publishing
Page : 582 pages
File Size : 43,6 Mb
Release : 2012-02-01
Category : Political Science
ISBN : 9781781001011

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International Handbook of Globalization and World Cities by Ben Derudder Pdf

This Handbook offers an unrivalled overview of current research into how globalization is affecting the external relations and internal structures of major cities in the world. By treating cities at a global scale, it focuses on the 'stretching' of urban functions beyond specific place locations, without losing sight of the multiple divisions in contemporary world cities. The book firmly bases city networks in their historical context, critically discusses contemporary concepts and key empirical measures, and analyses major issues relating to world city infrastructures, economies, governance and divisions. The variety of urban outcomes in contemporary globalization is explored through detailed case studies. Edited by leading scholars of the Globalization and World Cities (GaWC) Research Network and written by over 60 experts in the field, the Handbook is a unique resource for students, researchers and academics in urban and globalization studies as well as for city professionals in planning and policy.

Author : Junjian Albert Cao
Publisher : Routledge
Page : 378 pages
File Size : 53,8 Mb
Release : 2015-05-08
Category : Business & Economics
ISBN : 9781317934967

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The Chinese Real Estate Market by Junjian Albert Cao Pdf

This is the first book to fully present, analyse and interpret the Chinese real estate market. Dr Junjian Albert Cao examines the Chinese real estate market’s growth trajectory, unique governance and factors affecting values and investment in the context of reforms, rapid economic growth and urbanization. The book provides essential insights into the institutional change surrounding the development of the property market, government intervention at local and national levels, taxes and other regulatory charges, and factors such as market practices, economic changes, government policies and social changes that affect the value of real estate. Furthermore, the book analyses academic and policy debates on issues such as: commercial property investment housing price inflation property rights protection affordable and social housing market practices and regulation environment and sustainability taxation property-led growth and the reliance of local economic growth on the property sector The book offers a comprehensive, in-depth and up-to-date account of the Chinese property market and presents a full assessment of the investment potential of Chinese real estate. It is a must read for students, academics and real estate professionals interested in this fascinating real estate market that has implications for Chinese and the world economies.

Author : G. Jason Goddard
Publisher : Routledge
Page : 238 pages
File Size : 40,8 Mb
Release : 2021-12-15
Category : Business & Economics
ISBN : 9781000508567

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Real Estate Valuation by G. Jason Goddard Pdf

This is a practical and accessible guide for students, filled with international case studies, which illustrate the framework of the book (valuation under uncertainty), as well as, a host of discussion questions to aid learning. Provides a unique and more comprehensive approach than competing texts, explaining variations in valuation outcomes by drawing on the psychological foundations of valuation theory. For educators it will help to widen the lens on what truly should be considered when valuing property.

Author : Manya M. Mooya
Publisher : Springer
Page : 185 pages
File Size : 44,9 Mb
Release : 2016-03-17
Category : Business & Economics
ISBN : 9783662491645

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Real Estate Valuation Theory by Manya M. Mooya Pdf

This monograph critically reviews and updates real estate valuation theory, which is based on neoclassical economics, in light of developments in heterodox economic theory. Building on a comprehensive historical account of the evolution of value theory, the book uses new institutional economics theory and critical realism as lenses through which problems in standard valuation theory and practice are expatiated, and as the foundation for an alternative theory. The new theory is employed to explain major problems in real estate valuation that are beyond the capability of the standard theory, such as price bubbles in real estate markets, anchoring bias, client influence and valuation under uncertain market conditions.

Author : International Monetary Fund. Monetary and Capital Markets Department
Publisher : International Monetary Fund
Page : 162 pages
File Size : 50,5 Mb
Release : 2015-04-15
Category : Business & Economics
ISBN : 9781498372930

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Global Financial Stability Report, April 2015 by International Monetary Fund. Monetary and Capital Markets Department Pdf

The current report finds that, despite an improvement in economic prospects in some key advanced economies, new challenges to global financial stability have arisen. The global financial system is being buffeted by a series of changes, including lower oil prices and, in some cases, diverging growth patterns and monetary policies. Expectations for rising U.S. policy rates sparked a significant appreciation of the U.S. dollar, while long term bond yields in many advanced economies have decreased—and have turned negative for almost a third of euro area sovereign bonds—on disinflation concerns and the prospect of continued monetary accommodation. Emerging markets are caught in these global cross currents, with some oil exporters and other facing new stability challenges, while others have gained more policy space as a result of lower fuel prices and reduced inflationary pressures. The report also examines changes in international banking since the global financial crisis and finds that these changes are likely to promote more stable bank lending in host countries. Finally, the report finds that the asset management industry needs to strengthen its oversight framework to address financial stability risks from incentive problems between end-investors and portfolio managers and the risk of runs due to liquidity mismatches.

Author : Stephen J. Brown,Crocker H. Liu
Publisher : Springer Science & Business Media
Page : 126 pages
File Size : 41,5 Mb
Release : 2012-12-06
Category : Business & Economics
ISBN : 9781441986429

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A Global Perspective on Real Estate Cycles by Stephen J. Brown,Crocker H. Liu Pdf

In March 1999, New York University Salomon Center in assocIatIOn with the Department of Finance at NYU Stern held a one-day conference on the impact of real estate cycles on the real estate industry both from a domestic as well as an international perspective. The conference featured the leading research on this topic in the United States, Europe and Asia. Currendy, the real estate industry is at a critical point. New development projects around the world are being put on hold given recent developments in the international capital markets. The industry is hard hit by the decline in real estate investment trust (REIT) share prices and a shrink ing pool of capital for real estate ventures. This has unfortunately coincided with serious financial problems of very large hedge funds and other institutional investors in the market for commercial mortgage backed securities. There is need for new insights into the implications of U. S. and global real estate cycles on real estate secu rities including REITs and mortgage-backed securities as well as direct real estate investment. This global orientation is important given the high mobility of capital into the real estate, the increasing integration of real estate markets, and the proposed expan sion of real estate investment trusts (REIT) into international real estate. The process of globalization has resulted in increased competition between cities for the attrac tion of investment.

Author : Scott M. Reznick
Publisher : Unknown
Page : 140 pages
File Size : 54,7 Mb
Release : 1998
Category : Bonds
ISBN : UIUC:30112004823594

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Defense Adjustment Infrastructure Bonds by Scott M. Reznick Pdf

Author : Jeffrey D. Fisher,Dennis S. Tosh
Publisher : Dearborn Real Estate
Page : 282 pages
File Size : 55,5 Mb
Release : 2004
Category : Business & Economics
ISBN : 0793191793

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Questions and Answers to Help You Pass the Real Estate Appraisal Exams by Jeffrey D. Fisher,Dennis S. Tosh Pdf

Newly updated, Mastering Real Estate Principles, 4th Edition is more organized, more appealing, and more user- friendly than ever before. Known for its workbook format and interactive approach to learning, this new edition features updated content, an enhanced interior design, and a new construction section. This complete learning system comes loaded with multiple teaching tools and instructor resource guide to reduce instructor workload.

Author : Jerome J. Dasso,Alfred A. Ring
Publisher : Unknown
Page : 552 pages
File Size : 43,7 Mb
Release : 1989
Category : Business & Economics
ISBN : UOM:35128000979318

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Real Estate by Jerome J. Dasso,Alfred A. Ring Pdf

Author : Anonim
Publisher : DIANE Publishing
Page : 474 pages
File Size : 50,7 Mb
Release : 2024-07-02
Category : Electronic
ISBN : 1422323544

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Review of regulatory proposals on Basel capital and commercial real estate : hearing by Anonim Pdf

Author : Morten Helbæk,Ragnar Løvaas,Jon Olav Mjølhus
Publisher : Routledge
Page : 447 pages
File Size : 53,8 Mb
Release : 2013-07-18
Category : Business & Economics
ISBN : 9781134620203

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Financial Modelling and Asset Valuation with Excel by Morten Helbæk,Ragnar Løvaas,Jon Olav Mjølhus Pdf

Finance is Excel! This book takes you straight into the fascinating world of Excel, the powerful tool for number crunching. In a clear cut language it amalgamates financial theory with Excel providing you with the skills you need to build financial models for private or professional use. A comprehensive knowledge of modeling in Excel is becoming increasingly important in a competitive labour market. The chapters in part one start with the most basic Excel topics such as cell addresses, workbooks, basic formulas, etc. These chapters get more advanced through part one, and takes you in the end to topics such as array formulas, data tables, pivot tables, etc. The other parts of the book discusses a variety of subjects such as net present value, internal rate of return, risk, portfolio theory, CAPM, VaR, project valuation, asset valuation, firm valuation, loan, leasing, stocks, bonds, options, simulation, sensitivity analysis, etc.

Author : Jan Matauschek
Publisher : Peter Lang
Page : 240 pages
File Size : 52,5 Mb
Release : 2010
Category : Commercial leases
ISBN : 3631609493

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Rent Adjustment and Tenant Default in English and German Commercial Property Leases by Jan Matauschek Pdf

In recent years, real estate investment has witnessed an unprecedented internationalisation. However, national markets largely continue to be shaped by domestic law and local business practices. This book provides a comparison of the British and German property markets, which are Europe's most important, and discusses key elements of the economics of leasing. Applying the theory of long-term contracts and the economic analysis of bankruptcy law to leases, it examines in detail the regulations pertaining to rent adjustment and tenant default, which can substantially impact investment performance. The prevailing rent adjustment mechanisms such as rent review and indexation are discussed. A comparison is made of the remedies available to landlords of defaulting tenants under both jurisdictions.