Nov 24, 2010
from 04:00 PM to 05:00 PM
|Where||Lecture Room 1, Mill Lane|
|Contact Name||Colin Lizieri|
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Dr Steven Devaney (University of Aberdeen) presenting.
Title: Efficiency in the UK commercial office market
Outline: The paper considers the informational efficiency of the UK commercial property market through an analysis of price multipliers and a set of theoretical price determinants from the City of London office market, to assess the relationship between actual and "fundamental" yield. Deviations in the relationship are then related to developer activity and construction costs to explore the rationality of supply-side behaviour.