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Paper eres2003_193:
An Index for Social Housing Property Returns

id eres2003_193
authors Kramer, Bert; Vlak Arnoud
year 2003
title An Index for Social Housing Property Returns
source 10th European Real Estate Society Conference (10-13 June 2003) Helsinki, Finland
summary In this paper we present the worldís first social housing property index. The index is designed to be consistent with the IPD indices, but includes extra analysis tailor-made to the needs of social housing corporations. The index not only reports the receivable direct property return, but also provides an estimate of the effect on that return which may be traced to the social aims of housing corporations. The ësocial dividendí or ëpolicy effectí reflects both the impact of lower rents and extra required expenditures on general living conditions. The index measures returns on direct investment in residential property. All participants in the index have agreed to adopt a common approach to valuation, and using specially developed software for the valuation of residential properties. In this paper we describe the methodology used to construct the index. In addition, we will show how this index can be used by social housing corporations to improve their performance, taking into account both social and financial return and risk.
keywords Aedex / IPD social housing property index; index construction; social housing; performance evaluation
series ERES:conference
discussion No discussions. Post discussion ...
ratings Ratings: 3 3 3 3
session Session 8, Housing Finance
last changed 2008/12/29 19:09
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