Maurer, Raimond and Reiner, Frank and Sebastian, Steffen P. (2004) Financial Characteristics of International Real Estate Returns: Evidence from the UK, US, and Germany. Journal of Real Estate Portfolio Management 10 (1), pp. 59-76.
In contrast to the United States and the United Kingdom, little empirical work exists about the distributional characteristics of appraisalbased real estate returns outside these countries. The purpose of this study is to ﬁll this gap by focusing on Germany. In line with other studies, this paper offers an extensive investigation into the distribution of German real estate returns and compares them with and U.S. and U.K. data in the same period. Furthermore, the comovements with bonds and stocks are also examined. In the core, the distributional characteristics for German real estate are comparable to that for the U.S. and U.K.
|Institutions:|| Business, Economics and Information Systems > Institut für Betriebswirtschaftslehre > Lehrstuhl für Immobilienfinanzierung (Prof. Dr. Steffen Sebastian)|
Business, Economics and Information Systems > IRE|BS > Lehrstuhl für Immobilienfinanzierung (Prof. Dr. Steffen Sebastian)
|Research groups and research centres:||Immobilien- und Kapitalmärkte|
|Subjects:||300 Social sciences > 330 Economics|
|Refereed:||Yes, this version has been refereed|
|Created at the University of Regensburg:||Unknown|
|Deposited On:||13 Feb 2009 09:58|
|Last Modified:||25 Jan 2012 09:31|