Characteristics of German Real Estate Return Distributions: Empirical Evidence from Germany and Comparison to the U.S. and U.K

  • In contrast to the United States and the United Kingdom, little empirical work exists about the distributional characteristics of appraisalbased real estate returns outside these countries. The purpose of this study is to fill this gap by focusing on Germany. In line with other studies, this paper offers an extensive investigation into the distribution of German real estate returns and compares them with and U.S. and U.K. data in the same period. Furthermore, the comovements with bonds and stocks are also examined. In the core, the distributional characteristics for German real estate are comparable to that for the U.S. and U.K.

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Author:Raimond MaurerORCiDGND, Frank Reiner, Steffen Sebastian
Parent Title (English):Journal of Real Estate Portfolio Management
Document Type:Article
Year of Completion:2004
Year of first Publication:2004
Publishing Institution:Universit├Ątsbibliothek Johann Christian Senckenberg
Release Date:2005/10/07
First Page:59
Last Page:76
Source:Journal of Real Estate Portfolio Management, 10, S. 59-76 ;
Institutes:Wirtschaftswissenschaften / Wirtschaftswissenschaften
Dewey Decimal Classification:3 Sozialwissenschaften / 33 Wirtschaft / 330 Wirtschaft
Licence (German):License LogoDeutsches Urheberrecht