Recent publications by members of CRER:
2026
Härdle, W., Schulz, R., & Xie, T. (2026). Cooling Measures and Housing Wealth: Evidence from Singapore. Singapore Economic Review. Advance online publication. https://doi.org/10.1142/S0217590826500190
Amidu, A.-R., Agboola, A. O., & Bolomope, M. (2026). How do key actors and governance structures interact in large-scale land acquisition? An institutional theory perspective. Land Use Policy, 164, Article 107963. https://doi.org/10.1016/j.landusepol.2026.107963
Antunes Batista da Silva, F., & Liu, N. (2026). Flexible Workspaces and Risk Pricing in Office Assets: Evidence from the London Market. Journal of Real Estate Research. Advance online publication. https://doi.org/10.1080/08965803.2026.2649576
Bourassa, S. C., & Hoesli, M. (2026). Location Matters: Real Estate Submarkets in the Work of Bryan MacGregor. Journal of Property Investment & Finance. Advance online publication. https://doi.org/10.1108/JPIF-02-2026-0026
Liu, N., & Zhao, Y. (2026). Signal Herding and Contrarianism in REITs: Dissemination of Stock vs Fixed Income Factors. Review of Quantitative Finance and Accounting. Advance online publication. https://doi.org/10.1007/s11156-026-01487-9
Antunes Batista Da Silva, F., Liu, N., & Hutchison, N. (2026). Office term structures and the tenancy of flexible workspace providers. Journal of Property Research, 43(1), 22-46. https://doi.org/10.1080/09599916.2025.2500051
2025
Liu, N., Zhao, Y., Yan, B., & Hutchison, N. (2025). Tenants’ ESG: Influence on Preferences and Rent Premiums for Green Buildings in Commercial Real Estate. Journal of Property Research, 42(4), 321-355. https://doi.org/10.1080/09599916.2025.2494562
Hoesli, M. (2025). Navigating Information Imperfections in Commercial Real Estate Pricing. Journal of European Real Estate Research, 18(3), 347–355. https://doi.org/10.1108/JERER-12-2024-0096
Bourassa, S. C., Hoesli, M., Mayer, M., & Stalder, N. (2025). Reflections on Hedonic Price Modelling. Journal of European Real Estate Research, 18(2), 199–213. https://doi.org/10.1108/JERER-11-2024-0087
Hoesli, M. (2025). Investissement immobilier: decision et gestion du risque. (5 ed.) Economica, Paris.
Johner, L., & Hoesli, M. (2025). Real Estate in Liability-Driven Investment: The Case of U.S. Pension Funds Journal of Real Estate Portfolio Management. Journal of Real Estate Portfolio Management. Advance online publication. https://doi.org/10.1080/10835547.2025.2536943
Muckenhaupt, J., Hoesli, M., & Zhu, B. (2025). Real Estate as an Inflation Hedge: New Evidence from an International Analysis. North American Journal of Economics and Finance, 80, Article 102488. https://doi.org/10.1016/j.najef.2025.102488
Bolomope, M., Nwadike, A. N., & Aigwi, I. E. (2025). Managing supply chain disruptions in the construction industry: an institutional approach. Journal of Financial Management of Property and Construction , 30(2), 212–231. https://doi.org/10.1108/JFMPC-01-2024-0003
MacRae, J., Schulz, R., & Wersing, M. (2025). Providing local housing market information: The case of Aberdeen. Journal of Property Research, 42(2), 116-141. https://doi.org/10.1080/09599916.2024.2403988
Hutchison, N., MacGregor, B., Ngo, T., & Squires, G. et al. (2025). The reverse mortgage market in New Zealand: key drivers of loan determination. Applied Economics, 57(23), 3127-3142. https://doi.org/10.1080/00036846.2024.2334768
Hoesli, M., & Shmygel, A. (2025). Determinants of Discount Rates, Capitalisation Rates, and Growth Rates. Journal of Property Investment & Finance, 43(3), 303-319. https://doi.org/10.1108/JPIF-12-2024-0152
Amidu, A. R., Levy, D., Bolomope, M., & Liman, H. (2025). Barriers in achieving quality valuations: the New Zealand perspective. Journal of Property Investment & Finance, 43(1), 2-26. https://doi.org/10.1108/JPIF-02-2024-0014
Muckenhaupt, J., Hoesli, M., & Zhu, B. (2025). Listed Real Estate as an Inflation Hedge across Regimes. Journal of Real Estate Finance and Economics, 70, 189–239. https://doi.org/10.1007/s11146-023-09964-x
Hoesli, M., Johner, L., & Kraiouchkina, J. (2025). The Volatility of Listed Real Estate in Europe and Portfolio Implications. Journal of Real Estate Research, 47(2), 240-278. https://doi.org/10.1080/08965803.2024.2447214
2024
Hutchison, N., Koblyakova, A., & MacGregor, B. (2024). Equity release mortgages in the UK: the regional characteristics of demand and supply. International Real Estate Review, 27(4), 441-469. https://doi.org/10.53383/100390
Hoesli, M., & Shmygel, A. (2024). Determinants of Discount Rates, Capitalisation Rates, and Growth Rates. (Swiss Finance Institute Research Paper Series; No. 24-91). SSRN. https://doi.org/10.2139/ssrn.5042256
Bourassa, S. C., Droës, R.-M., & Hoesli, M. (2024). Housing Market Segmentation: A Finite Mixture Approach. De Economist, 172, Article 291–337. https://doi.org/10.1007/s10645-024-09446-2
Hutchison, N., Tiwari, P., Koblyakova, A., & Green, D. et al. (2024). Spatial Disparity in Household Indebtedness across the UK. Journal of European Real Estate Research, 17(3), 431-451. https://doi.org/10.1108/JERER-07-2024-0052
Bolomope, M., Amidu, A. R., Filippova, O., & Levy, D. (2024). Behavioural Adaptation to Seismic Disruptions: Exploratory Evidence from Real Estate Investment Trusts. Paper presented at 30th Annual European Real Estate Society Conference, Gdánsk, Poland. https://doi.org/10.15396/eres2024-067
Hoesli, M., Lindenthal, T., Ling, D. C., & Ooi, J. (2024). Editorial - 2020 Real Estate Finance & Investment Symposium. The Journal of Real Estate Finance and Economics, 68, 577–580. https://doi.org/10.1007/s11146-024-09989-w
Bolomope, M., Amidu, A. R., Levy, D., & Filippova, O. (2024). Understanding the Disruption-Driven Investment Decision-Making Strategy of Listed Property Trusts in New Zealand. Journal of Property Research. https://doi.org/10.1080/09599916.2024.2321363
2023
Hoesli, M., & Malle, R. (2023). Commercial Real Estate Prices in Europe After COVID-19. Journal of European Real Estate Research, 16(3), 340 - 358. https://doi.org/10.1108/JERER-09-2023-0031
Newell, G., Marzuki, J., Hoesli, M., & Neng Lai, R. (2023). The Performance of Non-Listed Opportunity Real Estate Funds in China. Journal of Property Investment & Finance, 41(6), 583-600. https://doi.org/10.1108/JPIF-09-2021-0075
McCann, L., Hutchison, N., & Adair, A. (2023). The role of UK universities as economic drivers in a localisation agenda: A case study of City Deals. Land Use Policy, 134, Article 106938. https://doi.org/10.1016/j.landusepol.2023.106938
Wersing, M., Schulz, R., & Werwatz, A. (2023). Estimating urban land values.
Bolomope, M. (2023). Personality Traits and Property Investment Decision-making: A Qualitative Study of Listed Property Trusts. Abstract from 29th European Real Estate Society Annual Conference, London, United Kingdom. https://doi.org/10.15396/eres2023_308
Schulz, R., Watson, V., & Wersing, M. (2023). Teleworking and housing demand. Regional Science and Urban Economics, 101, Article 103915. https://doi.org/10.1016/j.regsciurbeco.2023.103915
Chan, F., Schulz, R., & Zhang, Z. (2023). An application of machine learning in real estate economics: what extra benefits could machine learning techniques provide? In J. Vaze, C. Chilcott, L. Hutley, & S. M. Cuddy (Eds.), Proceedings of the 25th International Congress on Modelling and Simulation, MODSIM 2023 (pp. 123-129). Modelling and Simulation Society of Australia and New Zealand Inc. (MSSANZ). https://doi.org/10.36334/modsim.2023.chan39
2022
Schulz, R., Watson, V., & Wersing, M. (2022). Teleworking and Housing Demand. (RSUE-D-22-00227). SSRN. https://ssrn.com/abstract=4182936