Professor Martin Hoesli

Housing Market Segmentation: A Finite Mixture Approach

Editorial - 2020 Real Estate Finance & Investment Symposium

• [ONLINE] DOI: https://doi.org/10.1007/s11146-024-09989-w
• [ONLINE] Correction to: Editorial − 2020 Real Estate Finance & Investment Symposium (The Journal of Real Estate Finance and Economics, (2024), 10.1007/s11146-024-09989-w)

The Role of Multi-Family Properties in Hedging Pension Liability Risk: Long-Run Evidence

• [ONLINE] DOI: https://doi.org/10.1108/JPIF-04-2023-0035
• [OPEN ACCESS] http://aura.abdn.ac.uk/bitstream/2164/21680/1/Hoesli_etal_JPIF_The_Role_of_AAM.pdf

Commercial Real Estate Prices in Europe After COVID-19

• [ONLINE] DOI: https://doi.org/10.1108/JERER-09-2023-0031
• [OPEN ACCESS] http://aura.abdn.ac.uk/bitstream/2164/22293/1/Hoesli_etal_JERER_Commercial_Real_Estate_AAM.PDF

The Performance of Non-Listed Opportunity Real Estate Funds in China

• [ONLINE] DOI: https://doi.org/10.1108/JPIF-09-2021-0075
• [ONLINE] https://www.emerald.com/insight/content/doi/10.1108/JPIF-09-2021-0075/full/html

Listed Real Estate as an Inflation Hedge across Regimes

• [ONLINE] DOI: https://doi.org/10.1007/s11146-023-09964-x
• [OPEN ACCESS] http://aura.abdn.ac.uk/bitstream/2164/24518/1/Muckenhaupt_etal_JREFE_Listed_Real_Estate_VoR.pdf

House Price Bubble Detection in Ukraine

• [ONLINE] DOI: https://doi.org/10.1108/JERER-10-2022-0031
• [OPEN ACCESS] http://aura.abdn.ac.uk/bitstream/2164/21411/1/Shmygel_etal_JERER_House_Price_Bubble_AAM.PDF

Revisiting metropolitan house price-income relationships

• [ONLINE] DOI: https://doi.org/10.1016/j.jhe.2023.101946
• [OPEN ACCESS] http://aura.abdn.ac.uk/bitstream/2164/20972/1/Oikarinen_etal_JHE_Revisiting_Metroplitan_House_VoR.pdf

Tenant Industry Sector and European Listed Real Estate Performance

• [ONLINE] DOI: https://doi.org/10.1080/08965803.2023.2196181
• [OPEN ACCESS] http://aura.abdn.ac.uk/bitstream/2164/24065/1/Muckenhaupt_etal_JRER_Tenant_Industry_Sector_AAM.pdf

Hedonic, Residual, and Matching Methods for Residential Land Valuation  

• [ONLINE] DOI: https://doi.org/10.1016/j.jhe.2022.101870
• [OPEN ACCESS] http://aura.abdn.ac.uk/bitstream/2164/23558/1/Bourassa_etal_JHE_Hedonic_Residual_And_AAM.pdf
• [ONLINE] View publication in Scopus

Commercial real estate prices and Covid-19

• [ONLINE] DOI: https://doi.org/10.1108/JERER-04-2021-0024
• [OPEN ACCESS] http://aura.abdn.ac.uk/bitstream/2164/17981/1/Hoesli_etal_JERER_Commercial_Real_Estate_AAM.pdf

The Valuation of Illiquid Assets: A Focus on Private Equity and Real Estate

• [ONLINE] DOI: https://doi.org/10.3905/jai.2022.1.163
• [ONLINE] https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4024993

The Performance and Diversification Potential of Non-Listed Value-Add Real Estate Funds in Japan

• [ONLINE] DOI: https://doi.org/10.3390/jrfm15050198
• [OPEN ACCESS] http://aura.abdn.ac.uk/bitstream/2164/18475/1/Hoesli_etal_JRFM_The_Performance_And_VoR.pdf

Machine Learning Applications to Land and Structure Valuation

• [ONLINE] DOI: https://doi.org/10.3390/jrfm15050193
• [OPEN ACCESS] http://aura.abdn.ac.uk/bitstream/2164/18462/1/Mayer_etal_JRFM_Machine_Learning_Applications_VoR.pdf

The significance of impact in real estate research publications

• [ONLINE] DOI: https://doi.org/10.1108/JPIF-04-2020-0034

Portfolio Diversification across U.S. Gateway and Non-Gateway Real Estate Markets

• [ONLINE] DOI: https://doi.org/10.1080/08965803.2022.2038902
• [OPEN ACCESS] http://aura.abdn.ac.uk/bitstream/2164/19732/2/Hoesli_etal_JRER_Portfolio_Diversification_Across_AAM.pdf
• [OPEN ACCESS] http://aura.abdn.ac.uk/bitstream/2164/19732/1/Hoesli_etal_JRER_Portfolio_Diversification_Across_VoR.pdf

Big Data, Accessibility, and Urban House Prices

• [ONLINE] DOI: https://doi.org/10.1177/0042098020982508
• [OPEN ACCESS] http://aura.abdn.ac.uk/bitstream/2164/15444/1/Bourassa_et_al_US_BigDataAccessibility_AAM.pdf

The Resilience and Realignment of House Prices in the Era of Covid-19

• [ONLINE] DOI: https://doi.org/10.1108/JERER-11-2020-0055

Investissement immobilier: Décision et gestion du risque

• [ONLINE] https://www.economica.fr/livre-investissement-immobilier-decision-et-gestion-du-risque-4e-ed-hoesli-martin-c2x32209783

An Analysis of Papers Published in the Journal of European Real Estate Research, 2008-2019

• [ONLINE] DOI: https://doi.org/10.1108/JERER-04-2020-0027
• [ONLINE] View publication in Scopus

Editorial: The challenge of residential land valuation

• [ONLINE] https://www.emerald.com/insight/content/doi/10.1108/JERER-08-2021-065/full/pdf?title=editorial
• [ONLINE] DOI: https://doi.org/10.1108/JERER-08-2021-065
• [ONLINE] View publication in Scopus

Robust desmoothed real estate returns

• [ONLINE] DOI: https://doi.org/10.1111/1540-6229.12313
• [OPEN ACCESS] http://aura.abdn.ac.uk/bitstream/2164/16532/1/Hoesli_et_al_REE_RobustDesmoothedRealEstateReturns_AAM.pdf
• [ONLINE] View publication in Scopus

Does listed real estate behave like direct real estate?: Updated and broader evidence

• [ONLINE] DOI: https://doi.org/10.1080/00036846.2020.1870921
• [OPEN ACCESS] http://aura.abdn.ac.uk/bitstream/2164/16537/1/Hoesli_et_al_Does_listed_Applied_economics_vor.pdf

Is Financial Regulation Good or Bad for Real Estate Companies? –: An Event Study

• [ONLINE] DOI: https://doi.org/10.1007/s11146-017-9634-z
• [OPEN ACCESS] http://aura.abdn.ac.uk/bitstream/2164/9914/2/Hoesli_et_al_JREFE_IsFinanacialRegulation_VoR.pdf
• [ONLINE] View publication in Scopus

An Investigation of the Synchronization in Global House Prices

• [ONLINE] DOI: https://doi.org/10.1108/JERER-12-2019-0050
• [ONLINE] View publication in Scopus

Real estate in mixed-asset portfolios for various investment horizons

• [ONLINE] DOI: https://doi.org/10.3905/jpm.2019.45.7.141

Measuring House Price Bubbles

• [ONLINE] DOI: https://doi.org/10.1111/1540-6229.12154
• [OPEN ACCESS] http://aura.abdn.ac.uk/bitstream/2164/10297/1/Measuring_House_Price_Bubbles_01_28_16_SB.docx
• [ONLINE] View publication in Scopus
• [ONLINE] View publication in Mendeley

Estimation and Updating Methods for Hedonic Valuation

• [ONLINE] DOI: https://doi.org/10.1108/JERER-08-2018-0035
• [OPEN ACCESS] http://aura.abdn.ac.uk/bitstream/2164/12123/1/PDF_Proof.PDF
• [ONLINE] View publication in Mendeley

Investissement immobilier: Décision et gestion du risque

U.S. metropolitan house price dynamics

• [ONLINE] DOI: https://doi.org/10.1016/j.jue.2018.03.001
• [OPEN ACCESS] http://aura.abdn.ac.uk/bitstream/2164/13845/1/JUE_submission_final.pdf

Commonality in Liquidity and Real Estate Securities

• [ONLINE] DOI: https://doi.org/10.1007/s11146-016-9554-3
• [ONLINE] View publication in Scopus

Real estate investing: opportunities and challenges

High Frequency House Price Indexes with Scarce Data

Are public and private asset returns and risks the same? Evidence from real estate data

Real Estate Research in Europe

• [ONLINE] DOI: https://doi.org/10.1108/JERER-06-2016-0025
• [OPEN ACCESS] http://aura.abdn.ac.uk/bitstream/2164/10723/1/European_Research_Hoesli.docx

Risk factors of European non-listed real estate fund returns

• [ONLINE] DOI: https://doi.org/10.1080/09599916.2016.1199590
• [OPEN ACCESS] http://aura.abdn.ac.uk/bitstream/2164/9894/1/DelfimHoesli_JPRResubmission_Full.docx

Robust hedonic price indexes

• [ONLINE] DOI: https://doi.org/10.1108/IJHMA-11-2014-0050

What affects children’s outcomes: house characteristics or homeownership?

• [ONLINE] DOI: https://doi.org/10.1080/02673037.2015.1094030

Do Public Real Estate Returns Really Lead Private Returns?

• [ONLINE] DOI: https://doi.org/10.3905/jpm.2015.41.6.105

Contagion Channels between Real Estate and Financial Markets

• [ONLINE] DOI: https://doi.org/10.1111/1540-6229.12070
• [ONLINE] View publication in Scopus

Transaction-Based and Appraisal-Based Capitalization Rate Determinants

• [ONLINE] https://www.um.edu.mo/fba/irer/papers/past/vol18n1/v18n101.html

Determinants of the Homeownership Rate: An International Perspective

• [ONLINE] https://aresjournals.org/doi/abs/10.5555/1052-7001.24.2.193

Multifamily residential asset and space markets and linkages with the economy

• [ONLINE] DOI: https://doi.org/10.1080/09599916.2014.913656

The Effect of Lock-Ups on the Suggested Real Estate Portfolio Weight

• [ONLINE] https://www.um.edu.mo/fba/irer/papers/past/vol17n1/v17n101.html

Volatility spillovers, comovements and contagion in securitized real estate markets

• [ONLINE] DOI: https://doi.org/10.1007/s11146-011-9346-8

Mortgage interest deductions and homeownership: An international survey

• [ONLINE] View publication in Scopus

Robust Repeat Sales Indexes

• [ONLINE] DOI: https://doi.org/10.1111/reec.12013

House prices, disposable income and permanent and temporary shocks: The NZ, UK and US experience

• [ONLINE] DOI: https://doi.org/10.1108/17539261211215987
• [ONLINE] View publication in Scopus

Fractional Cointegration Analysis of Securitized Real Estate

• [ONLINE] DOI: https://doi.org/10.1007/s11146-009-9231-x

Are REITs real estate? Evidence from international sector level data

• [ONLINE] DOI: https://doi.org/10.1016/j.jimonfin.2012.05.017
• [ONLINE] View publication in Scopus

Land Leverage and House Prices

• [ONLINE] DOI: https://doi.org/10.1016/j.regsciurbeco.2010.11.002

Land leverage and house prices

• [ONLINE] DOI: https://doi.org/10.1016/j.regsciurbeco.2010.11.002

The long-run dynamics between direct and securitized real estate

• [ONLINE] DOI: https://doi.org/10.5555/rees.33.1.vr5g6970034l5g88

Investimento immobiliare: Mercato, valutazione, rischio e portafogli

Why do the Swiss rent?

• [ONLINE] DOI: https://doi.org/10.1007/s11146-008-9140-4

Housing finance, prices, and tenure in Switzerland

Land leverage and house prices

The interest rate sensitivity of real estate

• [ONLINE] DOI: https://doi.org/10.1080/09599916.2010.500815

House Prices, Disposable Income, and Permanent and Temporary Shocks

• [ONLINE] http://hdl.handle.net/2164/287

Global securitized real estate benchmarks and performance

• [ONLINE] http://ares.metapress.com/content/g931x717321q5633/

House price changes and idiosyncratic risk: the impact of property characteristics

• [ONLINE] DOI: https://doi.org/10.1111/j.1540-6229.2009.00242.x

Investissemet Immobilier: Décision et gestion du risque

House prices and bubbles in New Zealand

• [ONLINE] DOI: https://doi.org/10.1007/s11146-007-9060-8
• [OPEN ACCESS] http://aura.abdn.ac.uk/bitstream/2164/2246/1/FraseretalFinalHEC.docx

House prices and bubbles in New Zealand

• [ONLINE] DOI: https://doi.org/10.1007/s11146-007-9060-8

The inflation hedging characteristics of US and UK investments: A multi-factor error correction approach

• [ONLINE] DOI: https://doi.org/10.1007/s11146-007-9062-6

A comparative analysis of house prices and bubbles in the U.K. and New Zealand

A comparative analysis of house prices and bubbles in the UK and New Zealand

Constant-quality house price indexes for Switzerland

Peut-on prévoir la rentabilité de l'immobilier coté?

Real estate portfolio strategy and product innovation in europe

• [ONLINE] DOI: https://doi.org/10.1108/14635780810857908

Forecasting EREIT returns

• [ONLINE] View publication in Scopus

Spatial Dependence, Housing Submarkets, and House Price Prediction

• [ONLINE] DOI: https://doi.org/10.1007/s11146-007-9036-8

Debt-equity choice in Europe

• [ONLINE] DOI: https://doi.org/10.1016/j.irfa.2006.08.003
• [ONLINE] View publication in Scopus

Securitized real estate and its link with financial assets and real estate: An international analysis

• [ONLINE] View publication in Scopus

House Prices, Fundamentals and Bubbles

• [ONLINE] http://www3.interscience.wiley.com/journal/118628514/abstract?CRETRY=1&SRETRY=0
• [ONLINE] DOI: https://doi.org/10.1111/J.1468-5957.2006.00638.X

A simple alternative house price index method

• [ONLINE] DOI: https://doi.org/10.1016/j.jhe.2006.03.001

Further evidence of the integration of securitized real estate and financial assets

• [ONLINE] DOI: https://doi.org/10.1080/09599910600748618
• [ONLINE] View publication in Scopus

Suggested vs. actual institutional allocations to real estate in Europe: A matter of size?

The Price of aesthetic externalities

The capital structure of Swiss companies: an empirical analysis using dynamic panel data

• [ONLINE] DOI: https://doi.org/10.1111/j.1354-7798.2005.00275.x

What factors determine international real estate security returns?

• [ONLINE] DOI: https://doi.org/10.1111/j.1080-8620.2004.00098.x

Implicit forward rents as predictors of future rents

• [ONLINE] DOI: https://doi.org/10.1111/j.1080-8620.2004.00089.x

Determinants of cross-sectional variation in discount rates, growth rates and exit cap rates

• [ONLINE] DOI: https://doi.org/10.1111/j.1080-8620.2004.00090.x

Fastigheter i en institutionell portfolj: en internationell analys

International evidence on real estate as a portfolio diversifier

Maximum drawdown and the allocation to real estate

• [ONLINE] DOI: https://doi.org/10.1080/0959991042000217903

The determinants of stock returns in a small open economy

• [ONLINE] DOI: https://doi.org/10.1016/j.iref.2003.07.001

Time-varying Betas and Cross-Sectional Return-Risk Relation: Evidence from the UK

• [ONLINE] DOI: https://doi.org/10.1080/13518470110053407

What's in a view?

• [ONLINE] DOI: https://doi.org/10.1068/a36103

Developments in urban housing and property markets

• [ONLINE] DOI: https://doi.org/10.1080/0042098032000074227

Do housing submarkets really matter?

• [ONLINE] DOI: https://doi.org/10.1016/S1051-1377(03)00003-2

Real Estate in the institutional portfolio: a comparison of suggested and actual weights

Real estate education in Switzerland

Modélisation des décisions de gestion

Environmental variables and real estate prices

• [ONLINE] DOI: https://doi.org/10.1080/00420980120080899

Indices des ventes répétées et modification de l'environnement immobilier

Environmental preferences of homeowners: Further evidence using the AHP method

• [ONLINE] DOI: https://doi.org/10.1108/14635780010345391
• [ONLINE] View publication in Scopus

Property investment: Principles and practice of portfolio management

Homogeneous commercial property market groupings and portfolio construction in the United Kingdom

Environmental quality perceptions of urban commercial real estate

• [ONLINE] DOI: https://doi.org/10.1108/14635789910270521
• [ONLINE] View publication in Scopus