This paper investigates property forecasting accuracy and its improvement. As it suggests, despite increased sophistication of property market modelling and forecasting, there still remains a degree of inaccuracy between model outputs and actual property market performance. Subsequently, the...

The paper investigates whether complex property market forecasting techniques are better at forecasting than simple specifications. As the research and initial modelling results suggest, simple models outperform the more complex structures. It therefore calls analysts to make forecasts more...