ABSTRACT
The appraisal of risk relating to individual property investments in the UK is an under-researched topic, being overshadowed by the greater interest in portfolio risk. However, single asset risk is of importance to the majority of investors who are unable to diversify sufficiently, due to the large lot sizes in property investment. This paper gives an overview of the research undertaken in this area and covers both the theoretical studies and the empirical work concerning the investment market-place. The wide gap between theory and practice is highlighted and suggestions made as to how researchers and practitioners can narrow that gap.
