221
Views
5
CrossRef citations to date
0
Altmetric
Original Articles

Residential Property as an Institutional Asset: The Swiss and Dutch Cases

&
Pages 323-345 | Received 01 Dec 2003, Accepted 01 Oct 2006, Published online: 29 Jan 2007

References

  • Association of Institutional Property Investors in the Netherlands (2003) available at http://www.ivbn.nl/webgen.aspx?WebsiteID = 2&PageID = 0&
  • Balchin , P , ed. 1996 . Housing Policy in Europe , London : Routledge .
  • Ball , M. 2003 . RICS European Housing Review 2003 , London : RICS .
  • Ben‐Shahar , D. 2001 . A performance comparison between dwellings and financial assets in Israel, Working Paper, The Arison School of Business, The Interdisciplinary Center Herzliya
  • Boelhouwer , P. , Van der Heijden , H. and Priemus , H. 1996 . “ The Netherlands ” . London : Routledge . in Housing Policy in Europe (edited by P. Balchin)
  • Brown , G. R. and Matysiak , G. 2000 . Real Estate Investment — A Capital Market Approach , London : Prentice Hall .
  • Brzeski , W. J. , Austin , J. J. and Lundstrom , S. 1993 . Institutional real estate investment practices: Swedish and United States experiences . The Journal of Real Estate Research , 8 (3) : 293 – 323 .
  • Chun , G. , Ciochetti , B. and Shilling , J. 2000 . Pension‐plan real estate investment in an asset‐liability framework . Real Estate Economics , 28 (3) : 467 – 491 .
  • Davison , A. C. and Hinkley , D. V. 1997 . Bootstrap Methods and their Applications , Cambridge University Press, Cambridge
  • Efron , B. 1979 . Bootsrap methods: another look at the jackknife . The Annals of Statistics , 7 : 1 – 26 .
  • Eichholtz , P. and Koedij , K. 1996 . International real estate securities indexes . Real Estate Finance , 12 (4) : 42 – 50 .
  • Englund , P. , Min , H. and Quigley , J. 2002 . Hedging housing risk . Journal of Real Estate Finance and Economics , 24 (1) : 167 – 200 .
  • FPD Savills . 2000 . UK Residential Investment Report, Residential Research , London : FPD Savills .
  • Gatzlaff , D. H. 2000 . “ The effect of single‐family housing on multi‐asset portfolio allocations, Working Paper ” . In Florida State University
  • Geltner , D. and Miller , N. 2001 . Commercial Real Estate Analysis and Investments , Cincinnati, OH : South‐Western Publishing .
  • Goetzmann , W. N. and Ibbotson , R. 1990 . The performance of real estate as an asset class . Journal of Applied Corporate Finance , 3 (1) : 65 – 76 .
  • Gordon , J. , Canter , T. and Webb , J. 1998 . The effect of international real estate securities on portfolio diversification . Journal of Real Estate Portfolio Management , 4 (2) : 83 – 92 .
  • Hartzell , D. , Pittman , R. and Downs , D. 1994 . An updated look at thes of the US real estate market portfolio . Journal of Real Estate Research , 9 (2) : 197 – 212 .
  • Hartzell , J. , Hekman , J. and Miles , M. 1986 . Diversification categories in investment real estate . Journal of American Real Estate and Urban Economics Association , 14 (2) : 230 – 254 .
  • Hoesli , M. and MacGregor , B. 2000 . Property Investment – Principles and Practices of Portfolio Management , Harlow : Longman – Pearson Education Limited .
  • Hoesli , M. and MacGregor , B. 2002 . “ The role of property in mixed asset portfolios ” . In The RICS Foundation Research Review Series
  • Hoesli , M. and Hamelink , F. 1997 . An examination of the role of Geneva and Zurich housing in Swiss institutional portfolios . Journal of Property Valuation & Investment , 15 (4) : 354 – 371 .
  • Hutchison , N. 1994 . Housing as and investment? A comparison of returns from housing with other types of investment . Journal of Property Finance , 5 (2) : 47 – 61 .
  • Ibbotson , R. and Siegel , L. 1984 . Real estate returns: a comparison with other investments . Journal of American Real Estate and Urban Economics Association , 12 (3) : 219 – 242 .
  • Jones Lang LaSalle . 2000 . Institutional Investment in the US Residential Sector, Lessons for the UK? , London : Jones Lang LaSalle – Residential Research .
  • Key , T. , Allen , C. , Powell , S. and Roberts , C. 2002 . “ Towards a European property market ” . London : Paper presented at IPD European Property Strategies Conference .
  • Kleinman , M , Matznetter , W and Stephens , M , eds. 1998 . European Integration and Housing Policy , London : Routledge/RICS Issues in Real Estate and Housing Series .
  • Lawrence , R. 1996 . “ Switzerland ” . London : Routledge . in Housing Policy in Europe (edited by P. Balchin)
  • Liang , Y. , Myer , N. and Webb , J. 1996 . The bootstrap efficiency frontier for mixed‐asset portfolios . Journal of Real Estate Economics , 24 (2) : 247 – 256 .
  • Liu , C. , Hartzell , J. and Hoesli , M. 1997 . International evidence on real estate securities as an inflation hedge . Real Estate Economics , 25 (2) : 193 – 221 .
  • MacGregor , B. and Nanthakumaran , N. 1992 . The Allocation to Property in Multi‐asset Portfolio: the Evidence and the theory reconsidered . Journal of Property Research , 9 (1) : 5 – 32 .
  • Maclennan , D. 1982 . Housing Economics , Harlow : Longman .
  • Malpezzi , S. , Shilling , J. and Yang , Y. 2001 . The stock of private real estate capital in US metropolitan areas . Journal of Real Estate Research , 22 (3) : 243 – 270 .
  • Markowitz , H. 1952 . Portfolio selection . Journal of Finance , 7 (1) : 77 – 91 .
  • Maurer , R. and Reiner , F. 2001 . International asset allocation with real estate securities in a shortfall‐risk framework: the viewpoint of German and US investor, University of Frankfurt . Working Paper Finance & Accounting , 82 Germany
  • Montezuma , J. 2006 . “ A survey of institutional investors' attitudes and perceptions of residential property: the Swiss, Dutch and Swedish cases ” . In Housing Studies Vol. 21(6) , 883 – 908 .
  • Muralidhar , A. 2001 . Innovations in Pension Fund Management , Stanford, CA : Stanford University Press .
  • Pollakowski , H. 1995 . “ Data sources for measuring house price changes ” . In Journal of Housing Research Vol. 6(3) , 377 – 388 .
  • Sharpe , W. 1990 . “ Asset allocation ” . in Management Investing Portfolios – A Dynamic Process (edited by J. Magin and D. Tuttle), William F. Sharpe, New York
  • Wuest and Partner . 2003 . Immo‐Monitoring 2003, Wuest & Partner, Zurich
  • Ziobrowski , A. , Cheng , P. and Ziobrowsk , J. 1997 . Using a bootstrap to measure optimum mixed‐asset portfolio composition: a comment . Real Estate Economics , 25 (4) : 697 – 705 .

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.