Staff Details

Email: b.d.macgregor@abdn.ac.uk
Tel: 01224 272356
Fax: 01224 272181
Room: EW S73

MacRobert Professor of Land Economy

BSc MSc PhD DipSurv CertHE MRTPI ARICS

University of Edinburgh (Mathematics),

Heriot-Watt University (Environmental Planning),

University of Cambridge (Land Economy),

College of Estate Management (Surveying),

Sabhal Mòr Ostaig (Gaelic)

Deputy, then Property Research Manager, Property Division, Prudential Portfolio Managers (1987-90)

Lecturer in Town and Regional Planning, University of Glasgow (1984-87)

Lecturer in Planning and Management, Department of Land Management and Development, University of Reading (1981-84)

Research Assistant, Central Research Unit, Scottish Development Department (1975-76).

Property investment, property economics

CPR

• (Hoesli, M., Lizieri, C. and MacGregor, B.), The inflation hedging characteristics of U.S. and U.K. investments: A multi-factor error correction approach, Journal of Real Estate Finance and Economics, Vol. 36, pp. 183-206, 2008

• (Hendershott, P., Hendershott, R.J. and MacGregor, B.), Evidence on rationality in commercial property markets: an interpretation and critique, Journal of Real Estate Literature, 2006
• (Hendershott, P.H., and MacGregor, B.D.), Investor rationality: Evidence from UK Property capitalization rates, Real Estate Economics, Vol. 30(2), 165-184, 2005
• (Hendershott, P., and MacGregor, B.), Investor Rationality: An Analysis of NCREIF Commercial Property Data , Journal of Real Estate Research, Vol. 26, 2005
• (Fraser, P., MacGregor, B., Hoesli, M. and Hamelink, F.), Time-varying betas and Cross-Sectional Return-Risk Relation: Evidence from the UK, European Journal of Finance, Vol.10, pp.255-276, 2004
• (Geltner, D., MacGregor, B. D. and Schwann, G. M.), Appraisal smoothing and price discovery in real estate markets, Urban Studies, Vol. 40 (5-6), 1047-64, 2003
• (MacGregor, B. D. and Schwann, G.), Common features in UK real estate returns, Journal of Property Research, Vol. 20, 2003
• (Adams, A. T., Booth, P. M. and MacGregor, B. D.), Lease terms, option pricing and the financial characteristics of property, British Actuarial Journal, 9 (III), 1-17, 2003
• (Hendershott, P., MacGregor, B. and Tse, R.), Estimation of the Rental Adjustment Process, Real Estate Economics, 30, 165-184, 2002
• (Hendershott, P., MacGregor, B. and White, M.), Explaining Real Commercial Rents Using an Error Correction Model with Panel Data, Journal of Real Estate Finance and Economics, 24, 59-88, 2002
• (Hamelink, F., MacGregor, B. D., Nanthakumaran, N. and Orr, A.), The duration of UK commercial property and equities, Journal of Property Research, Vol. 19(1), 61-80, 2002
• (Chau, K. W, MacGregor, B. D. and Schwann, G.), Price discovery in the Hong Kong real estate market, Journal of Property Research, Vol. 18(3), 187-216, 2001

• (Hoesli, M., Giliberto, M., Hamelink, F.), Optimal diversification within mixed-asset portfolios using a conditional heteroskedasticity approach: evidence from the U.S. and the U.K., Journal of Real Estate Portfolio Management, 5, pp. 31-45, 1999
• (Tse, R. Y. C. and MacGregor, B. D.), Housing vacancy and rental adjustment: evidence from Hong Kong, Urban Studies, 1999
• (Ball M., Lizieri C. and MacGregor B. D.), Economics of Commercial Property Markets, 1998
• (Hoesli, M., MacGregor, B. D., Matysiak, G. and Nanthakumaran, N.), The short term inflation-hedging characteristics of U.K. real estate, Journal ofReal Estate Finance and Economics, Vol. 15, pp. 27-57, 1997
• (Hoesli, M., Lizieri, C. and MacGregor, B.), The spatial dimensions of the investment performance of UK commercial property, Urban Studies, Vol. 34, pp. 1475-1494, 1997
• (Hoesli, M., Matysiak, G., MacGregor, B. D. and Nanthakumaran, N.), The long term inflation hedging characteristics of UK commercial property, Journal of Property Finance, Vol. 7, pp. 50-61, 1996
• (Adair, A., Hutchison, N., MacGregor, B. D., McGreal, S. and Nanthakumaran, N.), An analysis of valuation variation in the UK commercial property market: Hager and Lord revisited, Journal of Property Valuation and Investment, 1996
• (Baum, A. E., Crosby, N. and MacGregor, B. D.), Price formation, mispricing and investment analysis in the property market, Journal of Property Valuation and Investment, 1996