... of European real estate equities, based on their degree of sentiment sensitivity. Design/methodology/approach – Using a pan-European data set, we classify all real estate equities according to their sentiment sensitivity, which is measured relative to the Economic Sentiment Indicator (ESI...

...Alexander Scholz; Stephan Lang; Wolfgang Schaefers Purpose – Understanding the pricing of real estate equities is a central objective of real estate research. This paper aims to investigate the impact of liquidity on European real estate equity returns, after accounting for well-documented...