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

Research English OPEN
清水, 千弘; Chihiro, Shimizu;
(2014)
  • Publisher: RIPESS麗澤大学経済社会総合研究センター
  • Journal: 麗澤大学経済社会総合研究センター Working Paper = RIPESS Working Paper,issue 63,pages1-22
  • Subject: Present Value Model | discount rate | quality-adjusted price index | hedonic approach | heterogeneity | Tobin’s q | Risk premium

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
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