TY  - JOUR
A1  - Maurer, Raimond
A1  - Reiner, Frank
A1  - Sebastian, Steffen
T1  - Characteristics of German Real Estate Return Distributions: Empirical Evidence from Germany and Comparison to the U.S. and U.K
T2  - Journal of Real Estate Portfolio Management
N2  - 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.
Y1  - 2004
UR  - http://publikationen.ub.uni-frankfurt.de/frontdoor/index/index/docId/3675
UR  - https://nbn-resolving.org/urn:nbn:de:hebis:30-17865
SN  - 1083-5547
VL  - 10
IS  - 1
SP  - 59
EP  - 76
ER  -