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knowledge about real estate price dynamics, with a primary focus on investment property, income generating commercial properties …. Such assets form a large component of the national wealth and of the capital markets, and represent a major investment …
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We develop a statistical-methodological framework for a set of core commercial real estate market indicators, which consists of a market price index, a gross rent index, and a net rental yield index as well a vacancy rate. We argue that the indicators should be (macro-)consistent, meaning that...
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