Value-add or not? Assessing value in European real estate markets
||Simon Kinnie and Craig Wright
||Value-add or not? Assessing value in European real estate markets
||19th Annual European Real Estate Society Conference in Edinburgh, Scotland
||With the backdrop of heightened economic volatility emanating from the on-going euro zone problems, investors are naturally cautious and have been seeking shelter in relatively expensive safe haven assets. Is this a sensible strategy given that a lot of these assets look overpriced on some measures? Are investors likely to miss near trough of the cycle “value” in some sectors? How do you assess value in the current market, particularly as investor’s classic proxy for the risk free rate, the respective country government bond yield, looks to be very far from risk free in some markets? The analysis seeks to answer these questions and also assesses where value lies in the current market. Furthermore, historical analysis of the UK market examines whether value has been rewarded throughout the cycles. The analysis covers the period 1981 to 2011.
Post discussion ...
||Parallel Session C2
These pages are best viewed with any standards compliant browser (e.g. Mozilla).