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Paper eres2000_079:
Inflation Risk Analysis of European Real Estate Securities

id eres2000_079
authors Maurer, Raimond; Steffen Sebastian
year 2000
title Inflation Risk Analysis of European Real Estate Securities
source 7th European Real Estate Society Conference (14-16 June 2000) Bordeaux, France
summary Real estate is an important asset, but as a direct investment subject to several difficulties. Shares of public open end funds or of real estate stock corporations represent a possible way for an investor to avoid these problems. The focus of this paper is the analysis of inflation risk of European real estate securities. An overview of the institutional frameworks regarding these companies is given. The returns of real estate securities in France, Germany, Switzerland and the United Kingdom are examined for the period 1980:1- 1998:12. Besides the classical Fama/Schwert-approach, shortfall risk measurements have been used. In this context, transaction costs in particular have been taken into account.
series ERES:conference
discussion No discussions. Post discussion ...
session C2 _ Property Market Analysis
last changed 2009/08/07 17:25
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