Journal of Property Investment & Finance: Volume 22 Issue 6


Table of contents

Equilibrium time on the market (ETOM) for commercial real estate in the UK

Gerald R. Brown, Tien Foo Sing

Time on the market (TOM) has been widely tested in the US real estate literature using listing and selling data of houses captured in the multiple listing services (MLSs)…


How should unsmoothing affect pension plan asset allocation?

Philip Booth, George Matysiak

Examines the impact of using “unsmoothing” techniques on real estate data to take pension‐plan asset‐allocation decisions. It is generally believed that valuation‐based real…


The uncertainty of valuation

Nick French, Laura Gabrielli

Valuation is often said to be “an art not a science” but this relates to the techniques employed to calculate value not to the underlying concept itself. Valuation is the process…


Different risk measures: different portfolio compositions?

Peter Byrne, Stephen Lee

Traditionally, the measure of risk used in portfolio optimisation models is the variance. However, alternative measures of risk have many theoretical and practical advantages and…


The level of direct property in Hong Kong property company performance

Graeme Newell, Chau Kwong Wing, Wong Siu Kei

Hong Kong is one of the most dynamic property markets in the world, and now provides the economic gateway to China. Using style analysis, the level of direct property in Hong Kong…


The valuation of specialised property: A review of valuation methods

Nick French

Provides a brief overview of the methods that used in real estate valuation with a particular emphasis on the valuation of specialised property. Proposes that the underlying…

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  • Nick French