Paper title: | A CONTINGENT ASSET PRICING MODEL OF REAL ESTATE ASSETS |
Authors: | Balaton, Attila |
Summary: | This paper explores the merits of using an alternative approach to modelling commercial real estate prices over time. A real estate asset can effectively be modelled as a hybrid instrument combining a bond and options. Preliminary results of tests for two different option pricing models are presented (Central Paris and Central London office markets). |
Type: | |
Year of publication: | 2000 |
Series: | ERES:conference |
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Citation: | Balaton, Attila (2000). A CONTINGENT ASSET PRICING MODEL OF REAL ESTATE ASSETS. 7th European Real Estate Society Conference (14-16 June 2000) Bordeaux, France, http://itc.scix.net/paper/eres2000_005 |