... in operating efficiency is due to the rental income channel or the capital gains channel, the authors find strong statistical evidence that international diversification negatively impacts capital gains. International diversification is negatively associated with net gains from property valuations (unrealized...

... rights only Wealth Capital gains Financial returns First time buyers Owner occupation Renting versus owning Household aspirations to be homeowners have been rooted firmly in the British psyche (Kemp, 2002). Homeownership more than doubled over the latter half of the twentieth century...

...David Lorenz; Stefan Trück Purpose The purpose of this paper is to explore capital gains, income, and total returns in various property markets in Europe. In a comparative study the nature of returns for different commercial and residential properties is investigated. Hereby, total returns, income...