The long-term inflation-hedging characteristics of UK commercial property
Language: English Series: Journal of Property Finance ; 7(1) 1996, 50-61(6)Publication details: 1996Subject(s): Summary: Based on a multivariate analysis of long-term total returns and inflation data over the period 1963-1993, shows that commercial property total returns reflect both expected and unexpected components of inflation in the long term. There is no evidence that property returns systematically provide, on an annual basis, hedging characteristics against either if these components. References. (Journal abstract)| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | ABS54722 (Browse shelf(Opens below)) | 1 | Available | 11977-1001 |
Based on a multivariate analysis of long-term total returns and inflation data over the period 1963-1993, shows that commercial property total returns reflect both expected and unexpected components of inflation in the long term. There is no evidence that property returns systematically provide, on an annual basis, hedging characteristics against either if these components. References. (Journal abstract)