RELIABILITY AND HETEROGENEITY OF REAL ESTATE INDEXES AND THEIR IMPACT ON THE PREDICTABILITY OF RETURNS

Francesca Battaglia (), Claudio Porzio () and Gabriele Sampagnaro ()

Journal of Advanced Studies in Finance, 2010, vol. 1, issue 2, 188-196

Abstract: This paper addresses the issue of data quality in the real estate market In many countries the returns indices for direct markets are provided by several sources differing in terms of the methodology adopted and index weights These differences produce a lack of informative standardization which could negatively affect the ability of market participants to make predictions Focusing on the Italian real estate market the aim of this paper is therefore twofold to investigate the reliability of property data sources and to assess the impact for financial intermediaries involved in real estate investing Our results show a significant level of divergence between the data and considerable implications for those financial institutions dealing with them These findings conflict with the requirements of an efficient or at least sub efficient market

Date: 2010
References: Add references at CitEc
Citations: View citations in EconPapers (2)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

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:srs:jasf00:v:1:y:2010:i:2:p:188-196

Access Statistics for this article

Journal of Advanced Studies in Finance is currently edited by Laura GAVRILĂ (formerly Ştefănescu)

More articles in Journal of Advanced Studies in Finance from ASERS Publishing
Bibliographic data for series maintained by Claudiu Popirlan ( this e-mail address is bad, please contact ).