Several empirical studies have examined the volatility of either the components or the whole of real estate returns of different sectors, using data sets from a variety of sources. A number of studies looked in detail into the unconditional distributions of returns, such as Young et al (2006),...

Despite the pervasiveness of planning intervention in the land and property market, the economic effects of the planning system have been little researched. While there is a growing body of work addressing this issue in the housing sector, similar work considering the business sector is marked...

A significant amount of real estate research has been directed towards developing empirical models explaining rental growth. This paper develops an error correction mechanism (ECM) model which is built on the general theoretical formulation of the Hendershott <italic>et a.l</italic> (2002a). Income, as measured...

<sc>Halbert</sc> L., <sc>Henneberry</sc> J. and <sc>Mouzakis</sc> F. Finance, business property and urban and regional development, <italic>Regional Studies</italic>. Compared with other factors of production, the supply of business property and its role in urban and regional development has received comparatively little attention....

<sc>Halbert</sc> L., <sc>Henneberry</sc> J. and <sc>Mouzakis</sc> F. The financialization of business property and what it means for cities and regions, <italic>Regional Studies</italic>. The papers in the special issue examine the strategies and practices of investors and their relations with other actors involved in the production of...

H<sc>enneberry</sc> J. and M<sc>ouzakis</sc> F. Familiarity and the determination of yields for regional office property investments in the UK, <italic>Regional Studies</italic>. This paper examines how effectively investment yields incorporate spatial variations in risks and returns into property prices. It is hypothesized that...

This study examines the rationality and momentum in forecasts for rental, capital value and total returns for the real estate investment market in the United Kingdom. In order to investigate if forecasters are affected by the general economic conditions present at the time of forecast we...

The purpose of this study is to examine the relative performance of European commercial real estate markets, with an emphasis on the three largest evolving markets for the recent new entrants to the EU in May 2005 namely, Poland, the Czech Republic and Hungary. Employing a panel data oriented...

Over the last twenty years the private sector has assumed the role of the predominant supplier of buildings in Britain. In 1977 roughly half (49%) of construction new orders were made by the private sector; by 1998 the private sector accounted for more than three-quarters (79%) of all new...

This paper departs from the outcome of three different pieces of recent research by the authors. One used a conceptualisation of a local property market to develop a structural theory for the impact of planning on local business rents and on the behaviour of the wider local economy. Another...