Direct property and property shares
In: Journal of Valuation, Band 8, Heft 3, S. 272-289
Discusses the performance of equities, direct property and property
shares and provides a background for comparing the advantages and
disadvantages of these two distinct types of property investments.
Highlights the similarities and differences between property shares and
direct property. Concludes that within a multi‐asset portfolio both make
valuable contributions to the structure of the portfolio, but that
property shares are more applicable to smaller ones and are useful for
shifting investment weightings quickly.