Abstract
The benefit of geographical diversification across real estate markets is well documented and has been a guiding feature of portfolio management (Miles and McCue, 1982; Hartzell et al., 1986; Deng et al., 2003). As several researchers have pointed out, since fundamentally different economic forces influence the various regions, diversification across regions can help to reduce the overall risk of real estate portfolios (Goetzmann and Wachter, 1995). It is aimed to develop homogeneous groupings for real estate portfolios.
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© 2015 Dilek Pekdemir
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Pekdemir, D. (2015). Performance Comparison among Real Estate Asset Types and Geographical Areas. In: Mattarocci, G., Pekdemir, D. (eds) European Real Estate. Palgrave Macmillan, London. https://doi.org/10.1057/9781137436122_8
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DOI: https://doi.org/10.1057/9781137436122_8
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-56026-4
Online ISBN: 978-1-137-43612-2
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