Real estate is the most important alternative asset class for pension funds and represents on average more than five percent of their total holdings. We employ a previously unexplored international database to examine the investments of some 880 pension funds in direct real estate and REITs over the 1990-2009 period. We document that larger funds are more likely to invest in real estate interna...

The promotion of sustainable practice in real estate development has more and more influences on the society. However, most of the real estate development projects display few green features. This paper examines 10 typical barriers encountered in the process of real estate development and facilities management by employing questionnaire survey. Case study approach is adopted to investigate how ...

â â â â â  â â â  abstract â  beijing’s industrial structure is service-oriented with a high degree of economic openness, and gdp has maintained rapid growth. this paper analyzes the international financial crisis and the impact of china’s anti-crisis policies on beijing’s economic development as well as its transmission mechanism. impact index (excluding seasonal factors) and arma model ...

Traditional real estate appraisal methods obtain estimates of real estate by using mathematical modeling to analyze the existing sample data. However, the information of sample data sometimes cannot fully reflect the real-time quotes. For example, in a thin real estate market, the correlated sample data for estimated object is lacking, which limits the estimates of these traditional methods. In...

In the past, international real estate investment has consisted of direct equity investment in foreign countries. Such investments have traditionally been considered to provide diversification benefits given that it was assumed that such properties were affected predominately by their respective domestic economies. Of course another benefit of international investment is the ability to seek out...

The objective of this study is to examine the effect of prevailing market sentiments in real estate markets on the stock market response to the outcomes of real estate auctions in Hong Kong. The reactions of stock market to the winners of the auctions have at least two interesting implications. On one hand, the success in acquiring a real estate implies that the developer has acquired a project...

Based on the analysis of known literatures, this article constructs the sustainable development evaluation model of real estate market from four aspects, including the harmonious development with local economy, reasonable prices, structural balance and financial coordination. Second, This article empirical also analyzes the healthy development of Nanchang real estate market based on the BP neur...