Investor decision-making and property attributes

Jackson, C. and Orr, A. (2008) Investor decision-making and property attributes. Discussion Paper. Royal Institution of Chartered Surveyors, London, UK.

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Publisher's URL: http://www.rics.org/research

Abstract

Property portfolio managers seek to maximize returns and minimize risk, within defined parameters. Once allocation to broad classes has been determined, stock selection forms a crucial contribution to overall performance. However, stock selection is undertaken in a complex environment, with portfolio managers needing to make trade-offs between stock attributes. In this RICS Education Trust funded study, Allison Orr of the University of Glasgow and Cath Jackson of the University of Sheffield explored this essential stage in the decision-making process, to determine what their preferred property asset attributes were. What they found was that location and obsolescence were key factors underpinning stock choice, which suggests that their concern is for long term income generation.

Item Type:Research Reports or Papers (Discussion Paper)
Status:Published
Glasgow Author(s) Enlighten ID:Orr, Dr Allison
Authors: Jackson, C., and Orr, A.
College/School:College of Social Sciences > School of Social and Political Sciences > Urban Studies
Publisher:Royal Institution of Chartered Surveyors

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Project CodeAward NoProject NamePrincipal InvestigatorFunder's NameFunder RefLead Dept
444941An exploration of the ways in which investment decision-makers view comparative property choicesAllison OrrRICS Education Trust (RICS-EDUC)336SPS - URBAN STUDIES