Property Investment

1. Introduction 2. Investments, Investors And The Property Market 3. Measurement Or Return And Risk 4. Property Indices 5. Pricing Frameworks 6. Forecasting Property Markets 7. Portfolio Theory, Risk And Pricing Models 8. Depreciation 9. Property In The Multi-Asset Portfolio 10. International Property Investment 11. Alternative Forms Of Investment In Property 12. Conclusion

Bryan MacGregor is a Vice-Principal and the Head of the College of Physical Sciences at the University of Aberdeen. Before that, he oversaw the University's Curriculum Reform project from its initiation to the arrival of the first students under the new curriculum. Prior to that, he was Head of the College of Arts and Social Sciences. He has held the MacRobert Chair in Land Economy since 1990. Before joining Aberdeen, he worked as a research manager for Prudential Portfolio Managers in London, for the Universities of Reading and Glasgow and for the Scottish Office Central Research Unit. He holds degrees in mathematics (Edinburgh), environmental planning (Heriot-Watt) and land economy (Cambridge). He is professionally qualified as both a chartered surveyor and as a planner. His main research interests are in property investment and property economics and he is the co-author of standard textbooks in both areas. His recent and current publications have been mainly on the econometric modelling of property markets, including rents, cap rates and returns. He has been editor of the Journal of Property Research since 1991. Martin Hoesli, PhD, is Professor of real estate at the Universities of Geneva and Aberdeen and at the Kedge Business School in Bordeaux. He is the author of six books and over 90 scholarly articles in real estate. A past president of the European Real Estate Society (ERES) and a board member of the Swiss Financial Analyst Association (SFAA), he serves on the editorial board of the leading international real estate journals. He is a Fellow of the Royal Institution of Chartered Surveyors (RICS) and a member of the European Public Real Estate Association (EPRA) research committee.