Real Estate Trends and Portfolio Rebalancing: Evidence from Main European Markets

Gianluca Mattarocci and Georgios Siligardos

Chapter 9 in Asset Pricing, Real Estate and Public Finance over the Crisis, 2013, pp 152-164 from Palgrave Macmillan

Abstract: Abstract There has been much academic debate on the effectiveness of intra-asset diversification and on how to optimally apply it. Sectorial provenience and the location of real estate assets were initially the most valid segments for an efficient diversification (Miles and McCue, 1982). By this time, more sophisticated methods had been elaborated to provide a better segmentation, expanding the possibilities of intra-asset diversification. In particular, concerning the geographical segmentation, it had been proposed that regions — or urban areas — classified according to economic function might form a basis for a more effective risk management strategy (Lee and Byrne, 1998).

Keywords: Real Estate; Optimal Portfolio; Fund Manager; Sharpe Ratio; Asset Allocation (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:pal:pmschp:978-1-137-29377-0_10

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DOI: 10.1057/9781137293770_10

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