Speed of Adjustment in Commercial Real Estate Markets

Bubbles in Real Estate Markets

Challenges of Commercial Real Estate Management: An analysis of the Swedish commercial real estate industry

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Digital disruption in commercial real estate

Investor Sentiment and Commercial Real Estate Valuation

This paper investigates the role of fundamentals and investor sentiment in commercial real estate valuation. In real estate markets, heterogeneous properties trade in illiquid, highly segmented and informationally inefficient local markets. Moreover, the inability to short sell private real estate restricts the ability of sophisticated traders to enter the market and eliminate mispricing. These...

Real estate markets and bank distress

We investigate the relationship between real estate markets and bank distress among German universal and specialized mortgage banks between 1995 and 2004. Higher house prices increase the value of collateral, which reduces the probability of bank distress (PDs). But higher prices at given rents may also indicate excessive expectations regarding the present value of real estate assets, which can...