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• W3204523931 abstract "This paper proposes two new measures of illiquidity for real estate markets, utilising concepts from asset pricing. Segregating real estate through a regional lens, we provide an in-depth analysis of real estate returns and illiquidity for the US and UK. Our results provide statistically significant and economically meaningful evidence that real estate illiquidity predicts real estate returns out-of-sample over and above a variety of control variables." @default.
• W3204523931 created "2021-10-11" @default.
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• W3204523931 date "2023-01-01" @default.
• W3204523931 modified "2023-09-26" @default.
• W3204523931 title "Real estate illiquidity and returns: A time-varying regional perspective" @default.
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• W3204523931 doi "https://doi.org/10.1016/j.ijforecast.2021.08.005" @default.
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