Real estate markets have an important role attracting a growing number of international investors, which is why the demand for reliable classification urban systems will continue to grow and become an essential tool in the process of investment planning. The paper showed a possible application of spatial analysis to capitalization rate determination and risk premium maps. While literature is normally focused on the cap rate determination and his linkage with time series and with models such as band of investment analysis and their relationship with the equity determination, in this work a spatial approach to cap rate and risk premium determination is proposed. The analyses was conducted on the basis of transaction Italian residential properties from 2014 to 2015. In order to define a spatial relationship between cap rates and spatial distribution, a Kriging application was proposed.

Spatial Approach to Risk Premium Determination for Residential Market Classification / Renigier-Biłozor, Małgorzata; D'Amato, Maurizio; Biłozor, Andrzej. - ELETTRONICO. - (2017), pp. 8071493.312-8071493.316. (Intervento presentato al convegno Baltic Geodetic Congress, BGC Geomatics 2017 tenutosi a Gdansk, Poland nel June 22-25, 2017) [10.1109/BGC.Geomatics.2017.52].

Spatial Approach to Risk Premium Determination for Residential Market Classification

Maurizio d'Amato;
2017-01-01

Abstract

Real estate markets have an important role attracting a growing number of international investors, which is why the demand for reliable classification urban systems will continue to grow and become an essential tool in the process of investment planning. The paper showed a possible application of spatial analysis to capitalization rate determination and risk premium maps. While literature is normally focused on the cap rate determination and his linkage with time series and with models such as band of investment analysis and their relationship with the equity determination, in this work a spatial approach to cap rate and risk premium determination is proposed. The analyses was conducted on the basis of transaction Italian residential properties from 2014 to 2015. In order to define a spatial relationship between cap rates and spatial distribution, a Kriging application was proposed.
2017
Baltic Geodetic Congress, BGC Geomatics 2017
978-1-5090-6040-5
Spatial Approach to Risk Premium Determination for Residential Market Classification / Renigier-Biłozor, Małgorzata; D'Amato, Maurizio; Biłozor, Andrzej. - ELETTRONICO. - (2017), pp. 8071493.312-8071493.316. (Intervento presentato al convegno Baltic Geodetic Congress, BGC Geomatics 2017 tenutosi a Gdansk, Poland nel June 22-25, 2017) [10.1109/BGC.Geomatics.2017.52].
File in questo prodotto:
Non ci sono file associati a questo prodotto.

I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.

Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11589/176962
Citazioni
  • Scopus 0
  • ???jsp.display-item.citation.isi??? 0
social impact