Vol. 6, No. 1, Winter 2003

All articles listed here are available for download in portable document format (PDF).


Interest Rate Sensitivities of REIT Returns
Cycles and Common Cycles in Property and Related Sectors
Banking System, Real Estate Markets, and Nonperforming Loans
Housing Prices and Macroeconomic Factors: Prospects within the European Monetary Union
Expected Return of Housing and Mortgage Termination
Pricing Factors in Real Estate Markets: A Simple Preference Based Approach

Market and Policy Paper
Mortgage Payment as Portion of Income: A Better Solution
Land Acquisition Compensation in China – Problems & Answers