Chair in Accountancy
- About
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- Email Address
- m.e.r.hoesli@abdn.ac.uk
- School/Department
- Business School
Biography
Martin Hoesli holds a Ph.D. in Finance and is Professor of real estate and finance at the Universities of Geneva (Switzerland) and Aberdeen (U.K.). He has written six books and over 170 scholarly publications in journals such as Real Estate Economics, Journal of Real Estate Finance and Economics, Journal of International Money and Finance, Journal of Portfolio Management, Journal of Real Estate Research, Applied Economics, Journal of Alternative Investments, The North American Journal of Economics and Finance, Journal of Business Finance & Accounting, and Journal of Housing Economics. He is past president of the International Real Estate Society (IRES) and of the European Real Estate Society (ERES) and is a board member of both societies. He is also a board member of the Association of International Wealth Management (AIWM) and the European Commercial Real Estate Data Alliance (ECREDA). He is a Fellow of the Royal Institution of Chartered Surveyors (RICS) and a Hoyt Academic Fellow of the Maury Seldin Advanced Studies Institute. He has won the Nick Tyrrell Research Prize twice (2012 and 2020), the IRES Achievement (2007) and Service (2020) Awards, and the David Ricardo Medal of the American Real Estate Society (2022). He has been a visiting scholar at many Universities worldwide and is on the editorial board of many international journals. His research interests lie in real estate finance and mainstream finance. He is particularly interested in portfolio diversification, the effectiveness of various asset classes to hedge against inflation, understanding the determinants of asset returns, and the behavior of financial markets under extreme events.
External Memberships
European Real Estate Society
American Real Estate Society
International Real Estate Society
European Commercial Real Estate Data Alliance
Royal Institution of Chartered Surveyors
American Real Estate and Urban Economics Association
Swiss Financial Analysts Association
Latest Publications
Navigating Information Imperfections in Commercial Real Estate Pricing
Journal of European Real Estate Research, vol. 18, no. 3, pp. 347–355Contributions to Journals: Articles- [ONLINE] DOI: https://doi.org/10.1108/JERER-12-2024-0096
Reflections on Hedonic Price Modelling
Journal of European Real Estate Research, vol. 18, no. 2, pp. 199–213Contributions to Journals: ArticlesInvestissement immobilier: decision et gestion du risque
Economica, Paris, Paris. 202 pagesBooks and Reports: BooksReal Estate in Liability-Driven Investment: The Case of U.S. Pension Funds Journal of Real Estate Portfolio Management
Journal of Real Estate Portfolio ManagementContributions to Journals: ArticlesReal Estate as an Inflation Hedge: New Evidence from an International Analysis
North American Journal of Economics and Finance, vol. 80, 102488Contributions to Journals: Articles
Prizes and Awards
David Ricardo Medal of the American Real Estate Society
Nick Tyrrell Research Prize
International Real Estate Society Achievement Award
International Real Estate Society Service Award
- Research
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Research Areas
Accepting PhDs
I am currently accepting PhDs in Real Estate, Finance.
Please get in touch if you would like to discuss your research ideas further.

Real Estate
Accepting PhDs
Finance
Accepting PhDsResearch Specialisms
- Finance
- Real Estate
Our research specialisms are based on the Higher Education Classification of Subjects (HECoS) which is HESA open data, published under the Creative Commons Attribution 4.0 International licence.
- Publications
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Page 2 of 5 Results 26 to 50 of 121
The Resilience and Realignment of House Prices in the Era of Covid-19
Journal of European Real Estate Research, vol. 14, no. 3, pp. 421-431Contributions to Journals: Articles- [ONLINE] DOI: https://doi.org/10.1108/JERER-11-2020-0055
Investissement immobilier: Décision et gestion du risque
Economica, Paris, Paris. 204 pagesBooks and Reports: BooksAn Analysis of Papers Published in the Journal of European Real Estate Research, 2008-2019
Journal of European Real Estate Research, vol. 14, no. 2, pp. 296-303Contributions to Journals: Articles- [ONLINE] DOI: https://doi.org/10.1108/JERER-04-2020-0027
- [ONLINE] View publication in Scopus
Editorial: The challenge of residential land valuation
Journal of European Real Estate Research, vol. 14, no. 2, pp. 169-170Contributions to Journals: EditorialsRobust desmoothed real estate returns
Real Estate Economics, vol. 49, no. 1, pp. 75-105Contributions to Journals: Articles- [ONLINE] DOI: https://doi.org/10.1111/1540-6229.12313
- [OPEN ACCESS] http://aura.abdn.ac.uk/bitstreams/0f2cbde6-cb3c-4b47-acee-511b9f6d683f/download
- [ONLINE] View publication in Scopus
Does listed real estate behave like direct real estate?: Updated and broader evidence
Applied Economics, vol. 53, no. 26, pp. 3032-3042Contributions to Journals: ArticlesIs Financial Regulation Good or Bad for Real Estate Companies? –: An Event Study
Journal of Real Estate Finance and Economics, vol. 61, pp. 369-407Contributions to Journals: Articles- [ONLINE] DOI: https://doi.org/10.1007/s11146-017-9634-z
- [OPEN ACCESS] http://aura.abdn.ac.uk/bitstreams/749742cf-3802-4724-9b1f-034cac1957b4/download
- [ONLINE] View publication in Scopus
An Investigation of the Synchronization in Global House Prices
Journal of European Real Estate Research, vol. 13, no. 1, pp. 17-27Contributions to Journals: Articles- [ONLINE] DOI: https://doi.org/10.1108/JERER-12-2019-0050
- [ONLINE] View publication in Scopus
Real estate in mixed-asset portfolios for various investment horizons
Journal of Portfolio Management, vol. 45, no. 7, pp. 141-158Contributions to Journals: Articles- [ONLINE] DOI: https://doi.org/10.3905/jpm.2019.45.7.141
Measuring House Price Bubbles
Real Estate Economics, vol. 47, no. 2, pp. 534-563Contributions to Journals: Articles- [ONLINE] DOI: https://doi.org/10.1111/1540-6229.12154
- [OPEN ACCESS] http://aura.abdn.ac.uk/bitstreams/aba6f622-0449-4a29-be8f-c464cd6187be/download
- [ONLINE] View publication in Scopus
- [ONLINE] View publication in Mendeley
Estimation and Updating Methods for Hedonic Valuation
Journal of European Real Estate Research, vol. 12, no. 1, pp. 134-150Contributions to Journals: ArticlesInvestissement immobilier: Décision et gestion du risque
Economica, Paris. 208 pagesBooks and Reports: BooksU.S. metropolitan house price dynamics
Journal of Urban Economics, vol. 105, pp. 54-69Contributions to Journals: ArticlesCommonality in Liquidity and Real Estate Securities
Journal of Real Estate Finance and Economics, vol. 55, pp. 65-105Contributions to Journals: Articles- [ONLINE] DOI: https://doi.org/10.1007/s11146-016-9554-3
- [ONLINE] View publication in Scopus
Real estate investing: opportunities and challenges
Bankers, Markets and Investors, vol. 148, pp. 3-16Contributions to Journals: ArticlesHigh Frequency House Price Indexes with Scarce Data
Journal of Real Estate Literature, vol. 25, no. 1, pp. 207-220Contributions to Journals: ArticlesAre public and private asset returns and risks the same? Evidence from real estate data
Journal of Real Estate Portfolio Management, vol. 22, no. 2, pp. 179-198Contributions to Journals: ArticlesReal Estate Research in Europe
Journal of European Real Estate Research, vol. 9, no. 3, pp. 220-230Contributions to Journals: ArticlesRisk factors of European non-listed real estate fund returns
Journal of Property Research, vol. 33, no. 3, pp. 190-213Contributions to Journals: ArticlesRobust hedonic price indexes
International Journal of Housing Markets and Analysis, vol. 9, no. 1, pp. 47-65Contributions to Journals: Articles- [ONLINE] DOI: https://doi.org/10.1108/IJHMA-11-2014-0050
What affects children’s outcomes: house characteristics or homeownership?
Housing Studies, vol. 31, no. 4, pp. 427-444Contributions to Journals: Articles- [ONLINE] DOI: https://doi.org/10.1080/02673037.2015.1094030
Do Public Real Estate Returns Really Lead Private Returns?
Journal of Real Estate Portfolio Management, vol. 41, no. 6, pp. 105-117Contributions to Journals: Articles- [ONLINE] DOI: https://doi.org/10.3905/jpm.2015.41.6.105
Contagion Channels between Real Estate and Financial Markets
Real Estate Economics, vol. 43, no. 1, pp. 101-138Contributions to Journals: Articles- [ONLINE] DOI: https://doi.org/10.1111/1540-6229.12070
- [ONLINE] View publication in Scopus
Transaction-Based and Appraisal-Based Capitalization Rate Determinants
International Real Estate Review, vol. 18, no. 1, pp. 1-43Contributions to Journals: ArticlesDeterminants of the Homeownership Rate: An International Perspective
Journal of Housing Research, vol. 24, no. 2, pp. 193-210Contributions to Journals: Articles