TY - JOUR AB - Looks at the risk/return characteristics of real estate on the basis of both appraisal and market values. Broadens this analysis to include inflation. Makes a series of observations about the role of real estate in efficient investment portfolios. Concludes that as long as direct real estate is valued at appraisal value it is unmistakably a solid inflation hedge. VL - 10 IS - 1 SN - 0960-2712 DO - 10.1108/14635789210031064 UR - https://doi.org/10.1108/14635789210031064 AU - Goslings J.H. AU - Petri V.L. PY - 1992 Y1 - 1992/01/01 TI - The Role of Real Estate in Efficient Investment Portfolios T2 - Journal of Property Valuation and Investment PB - MCB UP Ltd SP - 405 EP - 412 Y2 - 2024/05/08 ER -