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Editorial

Editorial JERER 11,2 Global financial crisis resonance on real estate markets The global financial crisis (GFC) has had major effects on real estate markets. The channels through which financial distress has spread its effects are being more fully appreciated as the data become more readily available and researchers through economic intuition link the evidence base with already known fundamental mechanisms. The outcomes are creating greater awareness of characteristics that affect real estate markets and their reactions post the crisis period, as well as potential changes in mechanisms that can affect investment decisions. This issue of JERER provides good examples of how researchers identify these changes in European real estate markets resulting from the destabilising impacts of the financial crisis and by defining its effects on policy, real estate investment and the productivity. Two specific aspects are covered in this issue: firstly, the effect on investment risk ratios through new patterns of volatility, and secondly, the effect on the real estate values and prices in the market derived by the market failure. In the first group, two papers focus on volatility. The relevance of real estate price volatility and its dynamics for investment processes is well founded in the literature, and http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of European Real Estate Research Emerald Publishing

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Publisher
Emerald Publishing
Copyright
Copyright © Emerald Group Publishing Limited
ISSN
1753-9269
DOI
10.1108/JERER-08-2018-047
Publisher site
See Article on Publisher Site

Abstract

JERER 11,2 Global financial crisis resonance on real estate markets The global financial crisis (GFC) has had major effects on real estate markets. The channels through which financial distress has spread its effects are being more fully appreciated as the data become more readily available and researchers through economic intuition link the evidence base with already known fundamental mechanisms. The outcomes are creating greater awareness of characteristics that affect real estate markets and their reactions post the crisis period, as well as potential changes in mechanisms that can affect investment decisions. This issue of JERER provides good examples of how researchers identify these changes in European real estate markets resulting from the destabilising impacts of the financial crisis and by defining its effects on policy, real estate investment and the productivity. Two specific aspects are covered in this issue: firstly, the effect on investment risk ratios through new patterns of volatility, and secondly, the effect on the real estate values and prices in the market derived by the market failure. In the first group, two papers focus on volatility. The relevance of real estate price volatility and its dynamics for investment processes is well founded in the literature, and

Journal

Journal of European Real Estate ResearchEmerald Publishing

Published: Aug 6, 2018

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