...Stefanie Braun; Gabriel Lee Purpose This paper aims to investigate the role of county-level income and population density effects in explaining spatial variation in German land prices from 2014 to 2018. Motivated by recent evidence that land values account for a growing share of housing price...

... of European Real Estate Research Asset valuation Bubbles Europe Herding behaviour House prices Housing Prices Article Type: 2013 Awards for Excellence From: Journal of European Real Estate Research, Volume 7, Issue 1 The following article was selected for this year’s...

... on recent developments in spatial econometrics and spatial hedonic house price modelling, the rent gradient hypothesis is examined by means of hedonic regression and spatial hedonic regression. Spatial autocorrelation tests are applied in order to assess possible presence of spatial dependence. The authors...

...Christian Hott Purpose A comparison of fundamental house prices with actual prices indicates that house prices fluctuate more than fundamentally justified, a fact difficult to explain with standard rational agent models. The purpose of this paper is to evaluate to what extent herding behaviour...

...Patricia Fraser; Martin Hoesli; Lynn McAlevey Purpose The purpose of this paper is to compare responses of house prices in three important markets when faced with permanent and temporary shocks to income. It additionally decomposes each historical house price series into its permanent, temporary...

... Originality/value -- This is the first paper to examine supply elasticity across a broad range of European office markets. Keywords: Supply and demand, Elasticity, Prices, Office buildings, Real estate, Europe www.emeraldinsight.com/10.1108/17539261011040514 This article...

...Norman Hutchison; Patricia Fraser; Alastair Adair; Rahul Srivatsa Purpose The aim of this paper is to consider the appropriate benchmark risk free rate sui for pricing of property investments in the UK and, in doing so, investigate the financial characteristics and performance of the UK gilt...

...Marta Widłak; Emilia Tomczyk Purpose The aim of this paper is to present estimation results of hedonic price models as well as housing price indices for the Warsaw secondary market. Design/methodology/approach Three direct methods of constructing a hedonic price index and four indices...

.... This limits the analysis and the ways in which it could be developed. Issues also relate to the method of desmoothing adopted. Practical implications Key financial centre are found to be less efficient markets than other cities. Thus, price changes fully embody all previous information in regional centres...

...Franz Fuerst; Patrick McAllister Purpose The purpose of this paper is to investigate the relationships between supply and demand in 19 European office markets in the period 1991‐2006. It estimates the variations in the price elasticity of supply across the different markets. The paper tests...

.... A considerable number of studies have used hedonic pricing (HP) to assess the impact of noise on property markets, but few of them have considered the existence of submarkets. Theoretically, it could be expected that the marginal value of 1 dB varies according to the neighbourhood's noise exposure, the property...

...Paloma Taltavull; Stanley McGreal Purpose The purpose of this paper is to estimate the expectations component contained in the asking price of residential property, in order to assess whether expectation plays a relevant role in house price appreciation. The paper tests the role of housing...