Details about Franz Fuerst

Access statistics for papers by Franz Fuerst.

Last updated 2025-04-06. Update your information in the RePEc Author Service.

Short-id: pfu29

Working Papers

2024

1. The Higher the Better: Climate Change and House Prices in Swiss Ski Resorts 2001-2020
   ERES, European Real Estate Society (ERES)

2023

2. Do shared E-bikes reduce urban carbon emissions?
   LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library View citations (4)
   See also Journal Article Do shared E-bikes reduce urban carbon emissions?, Journal of Transport Geography, Elsevier (2023) View citations (3) (2023)
3. Natural Hazard Exposure and REIT Equity Risk
   ERES, European Real Estate Society (ERES)
4. Risk-pricing in Swiss residential rents: why care about natural hazard risks if you do not own the property?
   ERES, European Real Estate Society (ERES)
5. The Impact of Minimum Energy Efficiency Standards on the Private Rental Market
   ERES, European Real Estate Society (ERES)

2022

6. Do Mandatory Energy Efficiency Upgrades Drive up Residential Rents?
   ERES, European Real Estate Society (ERES)

2021

7. Diversification Potential in Real Estate Portfolios
   LIDAM Discussion Papers LFIN, Université catholique de Louvain, Louvain Finance (LFIN) View citations (4)
   Also in LIDAM Reprints LFIN, Université catholique de Louvain, Louvain Finance (LFIN) (2021) View citations (4)
   See also Journal Article Diversification potential in real estate portfolios, International Economics, CEPII research center (2021) View citations (4) (2021)
8. Peeking inside the Black Box: Interpretable Machine Learning and Hedonic Rental Estimation
   ERES, European Real Estate Society (ERES)
9. Stranded Assets? The Price Effects of the Minimum Energy Efficiency Standard (MEES) in the UK Residential Market
   ERES, European Real Estate Society (ERES)
10. The Environmental and Economic Impacts of Proactive Energy Management: Evidence from the US Office Market
    ERES, European Real Estate Society (ERES)
11. The Heterogenous Relationship of Owner-Occupied and Investment Property with Household Portfolio Choice
    ERES, European Real Estate Society (ERES)
    See also Journal Article The heterogeneous relationship of owner-occupied and investment property with household portfolio choice, Journal of Housing Economics, Elsevier (2023) View citations (1) (2023)

2019

12. Are Homeowners Irrational Investors? The Effect of Housing Tenure on Household Investment Allocation in the United Kingdom
    ERES, European Real Estate Society (ERES)
13. Housing Attributes and Individual Well-being
    ERES, European Real Estate Society (ERES)
14. The Limited Diversification Potential of 21st Century Real Estate Markets: An International Analysis
    ERES, European Real Estate Society (ERES)
15. The economics of green lifestyles: a micro-economic study of Australian household panel and housing market data
    ERES, European Real Estate Society (ERES)
16. Time Intensity of Affordable Housing Utilisation
    ERES, European Real Estate Society (ERES)

2018

17. Estimating the risk of sea level rise to property
    ERES, European Real Estate Society (ERES)

2017

18. Are Green Labels More Valuable in Emerging Real Estate Markets?
    LARES, Latin American Real Estate Society (LARES) View citations (1)
19. Energy behaviour in offices and the impact on pricing decisions
    ERES, European Real Estate Society (ERES)
20. The Personality Profiles of Early Adopters of Energy-Efficient Technology
    SOEPpapers on Multidisciplinary Panel Data Research, DIW Berlin, The German Socio-Economic Panel (SOEP) View citations (5)

2016

21. Are Energy Efficiency Ratings Ignored in the German Housing Market?– Evidenece from a large-sample Hedonic Study
    ERES, European Real Estate Society (ERES) View citations (3)

2015

22. Energy Performance Ratings and House Prices in Wales: An Empirical Study
    ERES, European Real Estate Society (ERES) View citations (2)
    See also Journal Article Energy performance ratings and house prices in Wales: An empirical study, Energy Policy, Elsevier (2016) View citations (56) (2016)
23. Is Energy Efficiency Priced in the Housing Market? - Large Sample Evidence From Germany
    ERES, European Real Estate Society (ERES)

2014

24. Green Luxury Goods? The Economics of Eco-Labels in the Japanese Housing Market
    HIT-REFINED Working Paper Series, Institute of Economic Research, Hitotsubashi University
    See also Journal Article Green luxury goods? The economics of eco-labels in the Japanese housing market, Journal of the Japanese and International Economies, Elsevier (2016) View citations (25) (2016)
25. How important is building energy efficiency in markets with cold winters? Pricing evidence from Finland
    ERES, European Real Estate Society (ERES)
26. Papers presented during the Narodowy Bank Polski Workshop: Recent trends in the real estate market and its analysis, 2013, Volume 2
    NBP Working Papers, Narodowy Bank Polski View citations (1)

2013

27. Cross-Border Capital Flows into Real Estate
    ERES, European Real Estate Society (ERES) View citations (4)
28. Energy Labelling and Residential House Prices: Some Evidence from the United Kingdom
    ERES, European Real Estate Society (ERES)
29. Sustainable Real Estate and it's Effect within a Multi-Asset Portfolio
    ERES, European Real Estate Society (ERES)
30. The Financial Performance of Non-Listed Funds
    ERES, European Real Estate Society (ERES)
31. The Investment Value of Green Buildings in Japan
    ERES, European Real Estate Society (ERES)

2012

32. How does BREEAM impact on the pricing levels of commercial offices in the UK?
    ERES, European Real Estate Society (ERES)
33. Measuring the impact of operational energy ratings on office leases in the UK
    ERES, European Real Estate Society (ERES)
34. The role of sustainable real estate within a multi-asset portfolio: protagonist or antagonist?
    ERES, European Real Estate Society (ERES)

2011

35. Flight to Quality? An Investigation of the Attributes of Sold Properties in Hot and Cold Markets
    Real Estate & Planning Working Papers, Henley Business School, University of Reading View citations (1)
36. Is ESG Commitment Linked to Investment Performance in the Real Estate Sector?
    Real Estate & Planning Working Papers, Henley Business School, University of Reading View citations (1)
    Also in ERES, European Real Estate Society (ERES) (2011) View citations (1)
37. Measuring the impact of energy certification on office prices in the UK
    ERES, European Real Estate Society (ERES)
38. Taking the LEED? Analyzing Spatial Variations in Market Penetration Rates of Eco-Labeled Properties
    Real Estate & Planning Working Papers, Henley Business School, University of Reading View citations (2)
39. The Impact of Energy Performance Certificates on the Rental and Capital Values of Commercial Property
    ERES, European Real Estate Society (ERES) View citations (64)

2010

40. Eco-Labeling, Rents, Sales Prices and Occupancy Rates: Do LEED and Energy Star Labeled Offices Obtain Multiple Premiums?
    Real Estate & Planning Working Papers, Henley Business School, University of Reading View citations (5)
41. LOCATIONAL DETERMINANTS OF LEED AND ENERGY STAR CERTIFIED PROPERTIES
    ERES, European Real Estate Society (ERES)

2009

42. An Investigation of the Effect of Eco-Labeling on Office Occupancy Rates
    MPRA Paper, University Library of Munich, Germany View citations (23)
    Also in Real Estate & Planning Working Papers, Henley Business School, University of Reading (2009) View citations (18)
    See also Journal Article An Investigation of the Effect of Eco-Labeling on Office Occupancy Rates, Journal of Sustainable Real Estate, Taylor & Francis Journals (2009) (2009)
43. Designer Buildings: An Evaluation of the Price Impacts of Signature Architects
    Real Estate & Planning Working Papers, Henley Business School, University of Reading View citations (1)
44. Designer Office Buildings: An Evaluation of the Price Impacts of Signature Architects
    ERES, European Real Estate Society (ERES) View citations (1)
45. Drivers of Fund Performance: A Panel Data Analysis
    Real Estate & Planning Working Papers, Henley Business School, University of Reading View citations (3)
46. New Evidence on the Green Building Rent and Price Premium
    Real Estate & Planning Working Papers, Henley Business School, University of Reading View citations (12)
47. Style Analysis in Real Estate Markets: Beyond the Sectors and Regions Dichotomy
    Real Estate & Planning Working Papers, Henley Business School, University of Reading View citations (3)
    Also in ERES, European Real Estate Society (ERES) (2008) View citations (1)
48. Testing and Improving Commercial Real Estate Market Segmentations With Cluster Analysis and Neural Network Techniques
    ERES, European Real Estate Society (ERES)
49. The Aftermath of the 9/11 Attack in the New York City Office Market: A Review of Key Figures and Developments
    MPRA Paper, University Library of Munich, Germany

2008

50. Are Local Economic Development Incentives Promoting Job Growth? An Empirical Case Study
    Real Estate & Planning Working Papers, Henley Business School, University of Reading
    Also in MPRA Paper, University Library of Munich, Germany (2005)
51. Green Noise or Green Value? Measuring the Price Effects of Environmental Certification in Commercial Buildings
    MPRA Paper, University Library of Munich, Germany View citations (5)
    Also in Real Estate & Planning Working Papers, Henley Business School, University of Reading (2008) View citations (7)
52. Office Rent Determinants: a Hedonic Panel Analysis
    Real Estate & Planning Working Papers, Henley Business School, University of Reading View citations (2)
    Also in MPRA Paper, University Library of Munich, Germany (2007)
53. Spatial Patterns of Office Employment in the New York Region
    MPRA Paper, University Library of Munich, Germany
    Also in Real Estate & Planning Working Papers, Henley Business School, University of Reading (2008)

2007

54. Office Rent Determination and the Market Cycle: Evidence from a Hedonic Panel Analysis
    ERES, European Real Estate Society (ERES)

2006

55. PREDICTIBLE OR NOT? FORECASTING GERMAN AND US OFFICE RENTAL MARKETS
    ERES, European Real Estate Society (ERES)
56. Predictable or Not? Forecasting Office Markets with a Simultaneous Equation Approach
    MPRA Paper, University Library of Munich, Germany View citations (2)

2005

57. Exogenous shocks and real estate rental markets: An event study of the 9/11 attacks and their impact on the New York office market
    Finance, University Library of Munich, Germany View citations (2)

2004

58. Forecasting the Manhattan office market with a simultaneous equation model
    Urban/Regional, University Library of Munich, Germany View citations (2)
59. Land-Use Transport Interaction: State of the Art
    Urban/Regional, University Library of Munich, Germany View citations (26)

Undated

60. "Oft Expectation Fails": A Time-Series Analysis of Construction Starts in the London Office Market
    Real Estate & Planning Working Papers, Henley Business School, University of Reading
61. Re-thinking Commercial Real Estate Market Segmentation
    Real Estate & Planning Working Papers, Henley Business School, University of Reading
62. The Impact of Energy Performance Certificates on the Rental and Capital Values of Commercial Property Assets: Some Preliminary Evidence from the UK
    Real Estate & Planning Working Papers, Henley Business School, University of Reading View citations (1)
63. The Sky is the Limit? The Determinants and Constraints of European Airports' Commercial Revenues
    Real Estate & Planning Working Papers, Henley Business School, University of Reading View citations (11)
    See also Journal Article The sky is the limit? The determinants and constraints of European airports commercial revenues, Journal of Air Transport Management, Elsevier (2011) View citations (23) (2011)

Journal Articles

2025

1. Multiple hazards and residential rents in Switzerland: Who pays the price of extreme natural events?
   Ecological Economics, 2025, 230, (C)
2. Spillovers and small spatial scale analyses: contributions from spatial economics
   Spatial Economic Analysis, 2025, 20, (1), 1-7

2024

3. Location and spatial specificities: contributions from spatial economics
   Spatial Economic Analysis, 2024, 19, (4), 521-526
4. Success in tandem? The impact of the introduction of e-bike sharing on bike sharing usage
   Research in Transportation Economics, 2024, 107, (C)
5. The effectiveness of climate change regulations in the commercial real estate market
   Energy Policy, 2024, 185, (C) View citations (1)
6. The inextricable nature of space and economy
   Spatial Economic Analysis, 2024, 19, (2), 107-114
7. iBuyer’s Use of PropTech to Make Large-Scale Cash Offers
   Journal of Real Estate Research, 2024, 46, (1), 114-135

2023

8. Do shared E-bikes reduce urban carbon emissions?
   Journal of Transport Geography, 2023, 112, (C) View citations (3)
   See also Working Paper Do shared E-bikes reduce urban carbon emissions?, LSE Research Online Documents on Economics (2023) View citations (4) (2023)
9. Interpretable machine learning for real estate market analysis
   Real Estate Economics, 2023, 51, (5), 1178-1208 View citations (3)
10. Raising the bar (23)
    Spatial Economic Analysis, 2023, 18, (1), 1-6
11. Raising the bar (24)
    Spatial Economic Analysis, 2023, 18, (2), 153-157
12. Raising the bar (25)
    Spatial Economic Analysis, 2023, 18, (3), 287-291
13. Raising the bar (final)
    Spatial Economic Analysis, 2023, 18, (4), 431-436
14. The heterogeneous relationship of owner-occupied and investment property with household portfolio choice
    Journal of Housing Economics, 2023, 62, (C) View citations (1)
    See also Working Paper The Heterogenous Relationship of Owner-Occupied and Investment Property with Household Portfolio Choice, ERES (2021) (2021)
15. The two-component Beta-t-QVAR-M-lev: a new forecasting model
    Financial Markets and Portfolio Management, 2023, 37, (4), 379-401

2022

16. Building retrofit hurdle rates and risk aversion in energy efficiency investments
    Applied Energy, 2022, 306, (PB) View citations (4)
17. Raising the bar (19)
    Spatial Economic Analysis, 2022, 17, (1), 1-6
18. Raising the bar (20)
    Spatial Economic Analysis, 2022, 17, (2), 151-155
19. Raising the bar (21)
    Spatial Economic Analysis, 2022, 17, (3), 285-290
20. Raising the bar (22)
    Spatial Economic Analysis, 2022, 17, (4), 441-445

2021

21. Diversification potential in real estate portfolios
    International Economics, 2021, (166), 126-139 View citations (4)
    Also in International Economics, 2021, 166, (C), 126-139 (2021) View citations (1)
    See also Working Paper Diversification Potential in Real Estate Portfolios, LIDAM Discussion Papers LFIN (2021) View citations (4) (2021)
22. Do specialist funds outperform? Evidence from European non-listed real estate funds
    Research in International Business and Finance, 2021, 58, (C)
23. People or Systems: Does Productivity Enhancement Matter More than Energy Management in LEED Certified Buildings?
    Sustainability, 2021, 13, (24), 1-35 View citations (1)
24. Raising the bar (17)
    Spatial Economic Analysis, 2021, 16, (3), 247-251
25. Raising the bar (18)
    Spatial Economic Analysis, 2021, 16, (4), 417-421

2020

26. Determinants of energy consumption and exposure to energy price risk: a UK study
    (Determinanten des Energieverbrauchs und Energiepreisrisiko: Eine Studie aus Großbritannien)
    Zeitschrift für Immobilienökonomie (German Journal of Real Estate Research), 2020, 6, (1), 65-80 View citations (9)
27. Raising the bar (14)
    Spatial Economic Analysis, 2020, 15, (1), 60-61
28. Raising the bar (15)
    Spatial Economic Analysis, 2020, 15, (2), 115-119
29. Raising the bar (16)
    Spatial Economic Analysis, 2020, 15, (4), 353-358

2019

30. Gibt es einen wissenschaftlichen Konsens zur Wirtschaftlichkeit nachhaltiger Immobilien?
    (Is there a scientific consensus on the economic viability of sustainable buildings?)
    Zeitschrift für Immobilienökonomie (German Journal of Real Estate Research), 2019, 5, (1), 173-191 View citations (1)
31. Housing affordability: Is new local supply the key?
    Environment and Planning A, 2019, 51, (1), 25-50 View citations (6)
32. Raising the bar (10)
    Spatial Economic Analysis, 2019, 14, (1), 1-4
33. Raising the bar (11)
    Spatial Economic Analysis, 2019, 14, (2), 129-132
34. Raising the bar (12)
    Spatial Economic Analysis, 2019, 14, (3), 269-272
35. Raising the bar (13)
    Spatial Economic Analysis, 2019, 14, (4), 379-383
36. Size effects and economies of scale in European real estate companies
    Global Finance Journal, 2019, 42, (C) View citations (4)

2018

37. Are corporate office buildings priced differently?
    Journal of Property Investment & Finance, 2018, 36, (4), 348-365
38. Cap rates and risk: a spatial analysis of commercial real estate
    Studies in Economics and Finance, 2018, 35, (1), 25-43
39. Does voluntary disclosure create a green lemon problem? Energy-efficiency ratings and house prices
    Energy Economics, 2018, 74, (C), 1-12 View citations (38)
40. Estimating the Potential Risks of Sea Level Rise for Public and Private Property Ownership, Occupation and Management
    Risks, 2018, 6, (2), 1-21 View citations (4)
41. Raising the bar (7)
    Spatial Economic Analysis, 2018, 13, (1), 1-4
42. Raising the bar (8)
    Spatial Economic Analysis, 2018, 13, (3), 271-275
43. Raising the bar (9)
    Spatial Economic Analysis, 2018, 13, (4), 379-382
44. The commercial performance of global airports
    Transport Policy, 2018, 61, (C), 123-131 View citations (16)

2017

45. A green winner's curse? Investor behavior in the market for eco-certified office buildings
    Economic Modelling, 2017, 61, (C), 137-146 View citations (10)
46. Determinants of Cap Rates in U.S. Office markets
    Journal of Real Estate Literature, 2017, 25, (2), 265-282
47. Raising the bar (5)
    Spatial Economic Analysis, 2017, 12, (1), 1-7
48. Raising the bar (6)
    Spatial Economic Analysis, 2017, 12, (4), 347-352
49. The Dynamics of House Prices in Israel and the Effect of the Investor's Fear Gauge
    Journal of Housing Research, 2017, 26, (1), 95-117
50. The role of personality traits in green decision-making
    Journal of Economic Psychology, 2017, 62, (C), 313-328 View citations (36)
51. The spatial impact of employment centres on housing markets
    Spatial Economic Analysis, 2017, 12, (4), 472-491 View citations (4)

2016

52. A Class of its Own: The Role of Sustainable Real Estate in a Multi-Asset Portfolio
    Journal of Sustainable Real Estate, 2016, 8, (1), 190-218
53. Energy performance ratings and house prices in Wales: An empirical study
    Energy Policy, 2016, 92, (C), 20-33 View citations (56)
    See also Working Paper Energy Performance Ratings and House Prices in Wales: An Empirical Study, ERES (2015) View citations (2) (2015)
54. Green luxury goods? The economics of eco-labels in the Japanese housing market
    Journal of the Japanese and International Economies, 2016, 39, (C), 108-122 View citations (25)
    See also Working Paper Green Luxury Goods? The Economics of Eco-Labels in the Japanese Housing Market, HIT-REFINED Working Paper Series (2014) (2014)
55. Green signalling effects in the market for energy-efficient residential buildings
    Applied Energy, 2016, 180, (C), 560-571 View citations (31)
56. Raising the Bar (3)
    Spatial Economic Analysis, 2016, 11, (3), 249-252
57. Raising the bar (1)
    Spatial Economic Analysis, 2016, 11, (1), 1-6 View citations (1)
58. Raising the bar (2)
    Spatial Economic Analysis, 2016, 11, (2), 123-127
59. Raising the bar (4)
    Spatial Economic Analysis, 2016, 11, (4), 355-360

2015

60. Does energy efficiency matter to home-buyers? An investigation of EPC ratings and transaction prices in England
    Energy Economics, 2015, 48, (C), 145-156 View citations (127)
61. Editorial
    Spatial Economic Analysis, 2015, 10, (4), 401-407
62. Editorial
    Spatial Economic Analysis, 2015, 10, (2), 127-136
63. Editorial
    Spatial Economic Analysis, 2015, 10, (1), 1-10
64. Flight to quality?
    Studies in Economics and Finance, 2015, 32, (1), 2-16 View citations (4)
65. How does environmental efficiency impact on the rents of commercial offices in the UK?
    Journal of Property Research, 2015, 32, (3), 193-216 View citations (10)
66. Who captures the "green value" in the US office market?
    Journal of Sustainable Finance & Investment, 2015, 5, (1-2), 65-84 View citations (4)

2014

67. Can investing in corporate social responsibility lower a company's cost of capital?
    Studies in Economics and Finance, 2014, 31, (2), 202-222 View citations (4)
68. Determinants of Green Building Adoption
    Environment and Planning B, 2014, 41, (3), 551-570 View citations (22)
69. Editorial
    Spatial Economic Analysis, 2014, 9, (3), 223-230
70. Editorial
    Spatial Economic Analysis, 2014, 9, (1), 1-8
71. The integration of direct real estate and stock markets in Asia
    Applied Economics, 2014, 46, (12), 1323-1334 View citations (25)
72. Volatility Clustering, Risk-Return Relationship, and Asymmetric Adjustment in the Canadian Housing Market
    Journal of Real Estate Portfolio Management, 2014, 20, (1), 37-46

2013

73. Analysing the performance of nonlisted real estate funds: a panel data analysis
    Applied Economics, 2013, 45, (14), 1777-1788 View citations (11)
74. Editorial
    Spatial Economic Analysis, 2013, 8, (4), 419-424 View citations (1)
75. The Operating Expense Puzzle of U.S. Green Office Buildings
    Journal of Sustainable Real Estate, 2013, 5, (1), 86-110

2012

76. Rational expectations?
    Journal of Property Investment & Finance, 2012, 30, (2), 159-174 View citations (1)
77. Sustainable Building Certification and the Rent Premium: A Panel Data Approach
    Journal of Real Estate Research, 2012, 34, (1), 99-126 View citations (1)
    Also in Journal of Real Estate Research, 2012, 34, (1), 99-126 (2012) View citations (38)

2011

78. Designer Buildings: Estimating the Economic Value of ‘Signature’ Architecture
    Environment and Planning A, 2011, 43, (1), 166-184 View citations (10)
79. Eco-labeling in commercial office markets: Do LEED and Energy Star offices obtain multiple premiums?
    Ecological Economics, 2011, 70, (6), 1220-1230 View citations (49)
80. Green Noise or Green Value? Measuring the Effects of Environmental Certification on Office Values
    Real Estate Economics, 2011, 39, (1), 45-69 View citations (145)
81. The impact of Energy Performance Certificates on the rental and capital values of commercial property assets
    Energy Policy, 2011, 39, (10), 6608-6614 View citations (61)
82. The sky is the limit? The determinants and constraints of European airports commercial revenues
    Journal of Air Transport Management, 2011, 17, (5), 278-283 View citations (23)
    See also Working Paper The Sky is the Limit? The Determinants and Constraints of European Airports' Commercial Revenues, Real Estate & Planning Working Papers View citations (11)

2009

83. An Investigation of the Effect of Eco-Labeling on Office Occupancy Rates
    Journal of Sustainable Real Estate, 2009, 1, (1), 49-64
    See also Working Paper An Investigation of the Effect of Eco-Labeling on Office Occupancy Rates, MPRA Paper (2009) View citations (23) (2009)

Books

2013

1. Papers presented during the Narodowy Bank Polski Workshop: Recent trends in the real estate market and its analysis, 2013
   NBP Conference Publications, Narodowy Bank Polski View citations (1)

Chapters

2013

1. Non-listed real estate funds: leverage and macroeconomic effects
   Narodowy Bank Polski