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Property indices: a coming of age?

Property indices: a coming of age? While some progress has been made in recent years to treat property as part of the wider capital markets, the subject of indices largely remains poorly understood by the surveying profession even though they play a central role in investment management. Commercial property indices therefore continue to generate confusion both inside and outside the property industry. Reviewing the characteristic features of property, outlines the conceptual and practical problems faced when constructing property indices which are not encountered in other markets. These have major implications for index producers and users alike. Reports on a recent study undertaken by the Society of Property Researchers. Although significant progress has been made in recent years towards the provision of more reliable UK property performance data, further improvements are recommended if property indices are to command a level of respect comparable with that enjoyed by indices of other markets. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Property Valuation and Investment Emerald Publishing

Property indices: a coming of age?

Journal of Property Valuation and Investment , Volume 13 (3): 14 – Aug 1, 1995

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Publisher
Emerald Publishing
Copyright
Copyright © 1995 MCB UP Ltd. All rights reserved.
ISSN
0960-2712
DOI
10.1108/14635789510147090
Publisher site
See Article on Publisher Site

Abstract

While some progress has been made in recent years to treat property as part of the wider capital markets, the subject of indices largely remains poorly understood by the surveying profession even though they play a central role in investment management. Commercial property indices therefore continue to generate confusion both inside and outside the property industry. Reviewing the characteristic features of property, outlines the conceptual and practical problems faced when constructing property indices which are not encountered in other markets. These have major implications for index producers and users alike. Reports on a recent study undertaken by the Society of Property Researchers. Although significant progress has been made in recent years towards the provision of more reliable UK property performance data, further improvements are recommended if property indices are to command a level of respect comparable with that enjoyed by indices of other markets.

Journal

Journal of Property Valuation and InvestmentEmerald Publishing

Published: Aug 1, 1995

Keywords: Commercial property; Financial markets; Investment; Property; United Kingdom

References