The housing sector is the largest spot market in the world without a developed derivative
contract to serve the risk management needs of market participants. This paper describes …

Real Estate Investment: A Strategic Approach provides a unique introduction to both the
theory and practice of real estate investing, and examines the international real estate …

This article addresses to the appropriate modeling of loss given default (LGD) for the retail
business sector. We assume small or mid-size loans that are assigned in a standardized …

Although property markets represent a large proportion of total wealth in developed
countries, the real‐estate derivatives markets are still lagging behind in volume of trading …

New methods are developed here for pricing the main real estate derivatives—futures and
forward contracts, total return swaps, and options. Accounting for the incompleteness of this …

Of the top ten global commercial property markets, London's has had the highest transaction
turnover for the past decade according to Real Capital Analytics. Its prime real estate is part …

How does the expected total return, or opportunity cost of capital (the discounted cash flow
discount rate), differ across different types and locations of properties? This question is …

Property derivatives have the potential to revolutionize real estate-the last major asset class
without a liquid derivatives market. The new instruments offer ease and flexibility in the …

The financial systems in most developed countries today build up a large amount of model
risk on a daily basis. However, this is not particularly visible as the financial risk …

This book brings together the latest concepts and models in real-estate derivatives, the new
frontier in financial markets. The importance of real-estate derivatives in managing property …