Real Estate Research in Europe
Martin Hoesli
Geneva Finance Research Institute and Swiss Finance Institute, University of Geneva, 40 boulevard du Pont-drsquo;Arve, CH-1211 Geneva 4, Switzerland; University of Aberdeen Business School
Abstract
We investigate the evolution from 2000 to 2015 in the proportion of papers published by authors with a European affiliation in the three main international real estate journals.
Then, we analyze papers with at least one European author and/or concentrating on Europe published from 2008 to 2015 in the two main European real estate journals by authorsrsquo; country of affiliation, by country of study and by theme. Finally, we analyze linkages between country of affiliation and country of study and theme, respectively. Our results show that the proportion of papers published by European authors in the three main international real estate journals has increased during the 2000-2015 period. Our analyses of papers published in the two European real estate journals suggest that U.K.-based researchers are the most prolific. There is also a strong lsquo;home biasrsquo; in that authors largely focus on the country in which they are based. The interest in housing and valuation increased markedly during the period. Finally, we report linkages between country of affiliation and theme.
Introduction
Many initiatives have been undertaken during the past twenty years or so to foster real estate research in Europe. A significant step was the creation in 1994 of the European Real Estate Society (ERES) to create an international real estate network between academics and professionals across Europe. ERES is dedicated to promoting and advancing the real estate discipline and specifically property-based research throughout Europe. ERES
organizes an annual conference (since 1994), two annual industry seminars (since 2003) and one annual education seminar (since 2005). ERES is part of the federation of regional real estate societies, the International Real Estate Society (IRES).
At its 23rd annual conference in Regensburg (Germany), ERES introduced sessions with discussants in order to raise standards and to provide authors with as much feedback as possible. To be considered for one of those sessions, authors had to submit a full paper (rather than an abstract). The response to this innovation was very encouraging with a total of 84 full paper submissions, resulting in 46 papers being accepted after the review process.
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