Detailansicht
The long-run inflation protection from homeownership
An international comparison of residential real estate, stocks and bonds
ISBN/EAN: 9783844313895
Umbreit-Nr.: 1726840
Sprache:
Englisch
Umfang: 96 S.
Format in cm: 0.6 x 22 x 15
Einband:
kartoniertes Buch
Erschienen am 17.03.2011
Auflage: 1/2011
- Zusatztext
- The devaluation of money (inflation), influences the wealth of any individual. Some streams of income, like for example salaries, are protected against inflation by a contract. Financial investments however, are not. The risk of inflation is therefore regarded as one of the main sources of systematic investment risk on a national level, but increasingly also on an international level. In this study, the long-term inflation protection of residential real estate compared to bonds and stocks is investigated. The relation between the nominal returns and both the expected and unexpected inflation for sixteen member countries of the Organization for Economic Cooperation and Development (OECD) is examined. The unique dataset which is available for this study, makes an international comparison both possible and meaningful. The results are especially useful for professionals in real estate finance or investment, but shed a light on the exposure of individual households as wel.
- Autorenportrait
- Thomas Johannes Hutting (Tom) graduated in 2008 as a financial economist at Maastricht University, the Netherlands. During his study and his professional career he specialized in the fields of financial markets and real estate finance.