We compare and contrast the accuracy and uncertainty in forecasts of rents with those for a variety of macroeconomic series. The results show that in general forecasters tend to be marginally more accurate in the case of macro-economic series than with rents. In common across all of the series, forecasts tend to be smoothed with forecasters under-estimating performance during economic booms, and vice-versa in recessions We find that property forecasts are affected by economic uncertainty, as measured by disagreement across the macro-forecasters. Increased uncertainty leads to increased dispersion in the rental forecasts and a reduction in forecast accuracy
Property forecasts are an integral part of the property investment process at the strategic, tactica...
This study updates and expands upon the existing work on the accuracy of the IPF’s Consensus Forecas...
Sentiment indicators have long been closely monitored by economic forecasters, notably to predict sh...
Given the significance of forecasting in real estate investment decisions, this paper investigates f...
Given the significance of forecasting in real estate investment decisions, this paper investigates f...
Given the significance of forecasting in real estate investment decisions, this paper investigates f...
Existing empirical evidence has frequently observed that professional forecasters are conservative a...
This study examines the rationality and momentum in forecasts for rental, capital value and total re...
This paper uses data provided by three major real estate advisory firms to investigate the level and...
The objective of this article is twofold: first, we construct a new uncertainty measure that is spec...
This paper estimates, using stochastic simulation and a multicountry macroeconometric model, the fra...
Purpose: Property market models have the overriding aim of predicting reasonable estimates of key de...
This paper characterizes the sources of the comovement in the U.S metropolitan buy-rent growth rate....
expert judgement, international perspectives Property forecasting is an important component within a...
In this paper we investigate the role of judgement in the formation of forecasts in commercial real ...
Property forecasts are an integral part of the property investment process at the strategic, tactica...
This study updates and expands upon the existing work on the accuracy of the IPF’s Consensus Forecas...
Sentiment indicators have long been closely monitored by economic forecasters, notably to predict sh...
Given the significance of forecasting in real estate investment decisions, this paper investigates f...
Given the significance of forecasting in real estate investment decisions, this paper investigates f...
Given the significance of forecasting in real estate investment decisions, this paper investigates f...
Existing empirical evidence has frequently observed that professional forecasters are conservative a...
This study examines the rationality and momentum in forecasts for rental, capital value and total re...
This paper uses data provided by three major real estate advisory firms to investigate the level and...
The objective of this article is twofold: first, we construct a new uncertainty measure that is spec...
This paper estimates, using stochastic simulation and a multicountry macroeconometric model, the fra...
Purpose: Property market models have the overriding aim of predicting reasonable estimates of key de...
This paper characterizes the sources of the comovement in the U.S metropolitan buy-rent growth rate....
expert judgement, international perspectives Property forecasting is an important component within a...
In this paper we investigate the role of judgement in the formation of forecasts in commercial real ...
Property forecasts are an integral part of the property investment process at the strategic, tactica...
This study updates and expands upon the existing work on the accuracy of the IPF’s Consensus Forecas...
Sentiment indicators have long been closely monitored by economic forecasters, notably to predict sh...