This paper examines the additional advantages of membership of the Central and Eastern European countries in the European Union (EU) over the already advanced economic integration between the Union and its eastern neighbours. Besides transfers, further reductions in trade barriers and guaranteed...

The integration of the central and eastern European countries into the international capital markets has been and will be determined by the process of European Union integration. Our analysis shows that southern and eastern European countries already appear to be surprisingly similar regarding...

The German property market has shown a remarkably stable performance over the last decades. Especially in the worldwide financial crisis 2008 and 2009 German valuation practise has been questioned by international and especially UK market participants. The paper investigates the performance of...

This study focuses on global real estate return distributions. For our analysis, we employ the class of stable distributions that has become prominent in the real estate literature. We add to the literature by undertaking a global-scale analysis for the first time. By using data since the early...

In a global sense, the concept of sustainability plays nowadays an important role in governments, society and especially in the real estate sector, which is responsible for 40% of final energy consumption in the European Union. This reflects not only the enormous potential of buildings in...