Serious investment thinking that doesn’t take itself too seriously.
Income returns are remarkably steady and predictable, and forecasts of rental growth are often reasonably accurate as they are founded in the physical world of supply and demand. By contrast, the most challenging component of returns to predict in real estate is the yield. They are a measure of...
'The future is not some place we are going, but one we are creating.' John Schaar, Legitimacy in the Modern State (1981). The last year has been a challenge for the property...
For many involved in real estate, problems such as a lack of affordable housing or excessive contributions to global carbon emissions are now becoming obvious. Accordingly,...
Covid-19 is not over yet. New variants; second, third and fourth waves; and the logistical challenges of vaccinating 7.8b people around the world means that ‘post-COVID’ is...
Following the crash of 2008/2009 the S&P 500 went on a record-breaking run, gaining around 400% over 11 years before peaking in early 2020. It then suffered a record-breaking...
The UK economy: an ever-changing picture of work in progress, part three. In what follows I wish to make the case that persistent unemployment is not some inevitability whenever...
China is close to launching nine infrastructure REITs to finance national infrastructure projects (eg, industrial parks, warehouses, tollways, sewage plants) for the first time,...
To read The UK Economy – A picture of change, part one, visit https://www.propertychronicle.com/the-uk-economy-a-picture-of-change-part-one/. Before the present crisis, the UK...
In this very special series of exclusive articles for The Property Chronicle, Australian property legend Norman Harker reflects on his extraordinary 50-year life in real estate....
Working at home is something many of us have got used to – maybe too used to – over the past year. In a strange way we are recapitulating the experience of our ancestors. For...