Recent volatility in the commercial property markets has brought into sharp focus the importance of the cash flow security in property pricing. The explicit contribution of income risk factors, such as covenant strength, to the pricing model does not have a major coverage in the literature. This...

Using a Markov Switching Model, the hypothesis that <italic>ex post</italic> commercial sector risk premiums have stable mean values within a time-varying framework is investigated. The probabilities of shifting expected values and the transitional probabilities of remaining in a high (low)-risk state at each...

Investors need to have confidence in the maturity of the market in terms of transparency of returns and risks. Information on property returns is normally available for prime markets whereas urban regeneration locations to varying degrees are characterized by an opaque rather than a transparent...

At an international level, governments are increasingly seeking to ensure greater involvement of the private sector in the financing and delivery of regeneration and sustainable communities. In order to attract more private finance, the public sector, in its more strategic role, seeks to create...

Investors require to be fully briefed on the risk profile of their investments. The UK valuation profession has been criticized for inconsistencies and failures to reflect risk and this was reinforced by the Investment Property Forum/Investment Property Databank (2000) which highlighted the need...

This paper seeks to examine global infrastructure investment performance compared with other global asset classes such as stocks, bonds, real estate investment trusts, property, hedge funds and private equity. The paper examines the level of correlation of infrastructure with the other assets...

Initially, this paper reviews the relationship between the private housing sector and the macroeconomy. Attention focuses upon the divergent behaviour of the housing market at a regional level, using the case of Northern Ireland, relative to that for the national United Kingdom market....

Urban regeneration has been an integral focus of central government policy in the UK for more than three decades and has played a pivotal role in enhancing the competitiveness of the UK economy, repositioning cities and city regions as the mainstays of economic growth. Utilising IPD data, this...