Title
Risk premiums in cap rates of investment property Risk premiums in cap rates of investment property
Author
Faculty/Department
Faculty of Applied Economics
Publication type
article
Publication
,
Subject
Economics
Source (journal)
Appraisal journal / Atc. - Place of publication unknown
Volume/pages
76(2008) :3 , p. 241-258
ISSN
0003-7087
Carrier
E
Target language
English (eng)
Affiliation
University of Antwerp
Abstract
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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