ERES:conference

We study property investment decision-making from a behavioural perspective on the very micro level. We do this by analysing an extraordinary large real estate transaction that took place in the Swedish property market 2008. In an open-bid transaction the properties of the corporation Vasakronan...

ERES:conference

Purpose – The purpose of this paper is to show that general‐ and special‐purpose properties have to be dealt with differently by the public sector. Design/methodology/approach – Application of standard economic theory concerning pricing of properties and infrastructure. The issues are...

This paper contains an empirical study of the rental term structure in a property market that included a dramatic boom and bust cycle. The study is applied to office leases in commercial properties located in Stockholm CBD, Sweden. The time period under study is 1977-1991. The number of...

This study investigates the determinants of key input variables in valuers’ DCF models used for estimating market values for offices. Data from 599 valuations in 2000 from Stockholm, Gothenburg and Malmö are used to explain variation in discount rates, expected growth rates in net operating...

This paper investigates the relation between the term structure of rents and future spot rents. A rich database of office rental agreements for various maturities is used to estimate the term structure of rents, and from this structure implicit forward rents are extracted. The data pertain to...

This paper investigates the relation between the term structure of rents and future spot rents. A rich database of office rental agreements for various maturities is used to estimate the term structure of rents, and from this structure implicit forward rents are extracted. The data pertain to...

This study investigates the determinants of key input variables in valuers' discounted cash flow models used for estimating market values for offices. Data from 599 valuations in 2000 from Stockholm, Gothenburg and Malmö are used to explain variation in discount rates, expected growth rates in...