Property investment markets and applied property research are now recognised as an increasingly important international phenomenon. Written by two of the most respected academics in the field, this authoritative guide provides a fresh and much needed perspective on this important subject. The book examines the unique characteristics of property investment within the context of other capital markets . The emphasis is strongly on the application of analytical tools from other markets to help academics and practitioners alike understand and apply the investment management of property with that of other asset classes. 

The book is split into three parts, each focusing mainly on direct commercial property:

  • The characteristics of the various asset classes in the investment background
  • The analyses necessary to develop a property portfolio strategy
  • An examination of property in a wider context 

This book will be invaluable to all undergraduate and postgraduate students on property courses worldwide. It is also an essential tool to understanding this complex and exciting field for students on finance, business and accountancy courses which cover property. Its practical, applied approach means that the book will be a welcome addition to the bookshelf of any researchers or investment managers with an interest in property.

chapter 1|6 pages


part I|67 pages

Investment background

chapter 2|23 pages

Investments and investors

chapter 3|21 pages

The measurement of return and risk

chapter 4|21 pages

Property indices

part II|128 pages

Pricing models and property portfolio strategy

chapter 5|21 pages

Pricing models

chapter 6|29 pages

Forecasting property markets

chapter 7|26 pages

Risk and portfolio theory

chapter 8|22 pages


part III|69 pages

Property in a wider context

chapter 10|25 pages

Property in mixed-asset portfolios

chapter 11|18 pages

Alternative forms of investment in property

chapter 12|24 pages

International property investment