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The Professor
Our professorial contributors illuminate the latest academic research in real estate and economic policy
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A Soviet dissident explains American censorship
Many consider Vasily Grossman’s Life and Fate to be the greatest Russian novel of the 20th century. A searing portrait of Stalinist Russia, Life and Fate on its very first page...
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Valuers – are you certain you’re uncertain?
It’s time to drop the material uncertainty clause for most property valuations – the market has largely adapted to covid now. In late October 2020, I was presenting a paper at an...
The Professor
UK agriculture – challenge, confusion, opportunity
The past year has seen unprecedented change as all have faced up to the challenge of the pandemic. It has created challenge and not a little confusion, but it has also provided...
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The experiments of youth: unpacking the complexities of China’s real estate market
This article was originally published in Summer 2019. With so many factors to consider, the division between doomsayers and optimists has never been so large. There seems to have...
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From the land of financial bubbles
Everywhere we look, the world looks bubbly. Politically, we may point to the anger bubbling among people who feel like they were robbed of power ‒ or their opponents who...
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Hollywood’s love affair with the architect
… and why other property professionals get lumped with the bad guy roles. This article was originally published in April 2019. “I don’t build in order to have clients, I have...
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The prospects for global trade under the new US administration
During the last four years, the prospects for freer world trade have been in retreat. Now, with a new broom about to sweep into the White House, there is renewed hope for...
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Mind the debt funding gap
Equity investors might need to top up funds by tens of billions in Germany and the UK, thanks to covid. Declines in capital values and more conservative lending in the immediate...
The Professor
US real estate market cycles, 3Q2020
A physical market cycle analysis of four property types across 54 metropolitan statistical areas (MSAs) for 3Q2020. The V-shaped recovery happened (-32% GDP in Q2 then +33% GDP...