Assessing Indicators of Real Estate Activity

George A. Matysiak and Tsolacos Sotiris

ERES from European Real Estate Society (ERES)

Abstract: The present study reports the results of assessing a number of indicator series that are considered to provide timely and pertinent information about real estate activity. It examines whether these indicators can trace changes in the path of real estate activity individually, or through alternative combinations or through an overall index. The individual series considered are real macro-economic and monetary components together with real estate data. Real estate activity is measured by reference to rental growth, which reflects the underlying balance between demand and supply of space. Non-parametric analysis and econometric techniques are deployed to investigate the potential advance in forecasting by using the selected indicator series. Formal statistical criteria are applied to evaluate the out of sample forecast performance. The analysis is completed with an outline of the implications of this work for investment decision making.

JEL-codes: R3 (search for similar items in EconPapers)
Date: 2001-06-01
References: Add references at CitEc
Citations:

Downloads: (external link)
https://eres.architexturez.net/doc/oai-eres-id-eres2001-223 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:arz:wpaper:eres2001_223

Access Statistics for this paper

More papers in ERES from European Real Estate Society (ERES) Contact information at EDIRC.
Bibliographic data for series maintained by Architexturez Imprints ().