IDEAS home Printed from https://ideas.repec.org/a/aza/jbsav0/y2023v12i2p102-109.html
   My bibliography  Save this article

The effect of high inflation and rising interest rates on real estate values and valuation approach

Author

Listed:
  • Luft, Christian

    (JLL, UK)

Abstract

Following on from the COVID-19 pandemic and the challenges faced during that period, valuers now have new issues to consider, as rapidly rising inflation and volatile interest rates not witnessed for a generation have had an effect on markets during 2022 — especially in the final quarter and going into 2023, as we see far reduced investment volumes and ongoing price discovery across European markets. This paper looks at how rising inflation and interest rates affect values and also how valuers need to develop new skills and understanding in valuing real estate assets in increasingly interconnected global financial markets.

Suggested Citation

  • Luft, Christian, 2023. "The effect of high inflation and rising interest rates on real estate values and valuation approach," Journal of Building Survey, Appraisal & Valuation, Henry Stewart Publications, vol. 12(2), pages 102-109, September.
    • Handle: RePEc:aza:jbsav0:y:2023:v:12:i:2:p:102-109
    as

    Download full text from publisher

    File URL: https://hstalks.com/article/8003/download/
    Download Restriction: Requires a paid subscription for full access.
    File URL: https://hstalks.com/article/8003/
    Download Restriction: Requires a paid subscription for full access.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Keywords

    valuation; inflation; cost of capital; debt; sentiment; discount rates;
    All these keywords.

    JEL classification:

    • R3 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:aza:jbsav0:y:2023:v:12:i:2:p:102-109. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Henry Stewart Talks (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.