How Are Property Investment Returns Determined? : Estimating the Micro-Structure of Asset Prices, Property Income, and Discount Rates

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Shimizu, Chihiro;
  • Publisher: Institute of Economic Research, Hitotsubashi University
  • Subject: quality-adjusted price index | discount rate | hedonic approach | Tobin’s q | Present Value Model | Risk premium | heterogeneity | Present Value Model, discount rate, quality-adjusted price index, hedonic approach, heterogeneity, Tobin’s q, Risk premium
    • jel: jel:E3 | jel:G19

How exactly should one estimate property investment returns? Investors in property aim to maximize capital gains from price increases and income generated by the property. How are the returns on investment in property determined based on its characteristics, and what ki... View more
  • References (31)
    31 references, page 1 of 4

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