Title
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Risk premiums in cap rates of investment property
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Author
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Abstract
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This article reports the results of a study about the correlations and patterns over time between the composite elements of the initial yield in the prime office and retail property markets in the Netherlands, the United Kingdom (London), Belgium (Brussels), and Germany (Frankfurt). For this study, the determinant components are identified as the risk-free interest rate, inflation, and the risk premium. For the multiple regression analysis, these components are supplemented with dummy variables for property types and locations. |
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Language
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English
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Source (journal)
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Appraisal journal / Atc. - Place of publication unknown
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Publication
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Place of publication unknown
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2008
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ISSN
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0003-7087
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Volume/pages
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76
:3
(2008)
, p. 241-258
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