... Licensed re-use rights only Capital growth Error-correction models European office markets Rental growth Total returns Volatility spillover indices The office market data used in this study are provided by the DTZ Research Institute, which collects property-level data for key cities...

.... Modelling capital growth and yields demonstrates the importance of exchange rates as a function of monetary policy and economic behaviour. A single currency could allow yield premiums to fall in more volatile markets as economic conditions converge, as has already been seen in bond markets. It would...