The accuracy of consensus real estate forecasts revisited

Volume: 37, Issue: 2, Pages: 147 - 170
Published: Feb 5, 2020
Abstract
This study updates and expands upon the existing work on the accuracy of the IPF’s Consensus Forecasts. The paper evaluates the extent to which the consensus forecasts were able to predict the relative performance. It also assesses the accuracy of implied yield forecasts and concludes that failure in yield forecasting is the main source of failure in forecasts of capital growth and total returns. A high level of agreement between the actual and...
Paper Details
Title
The accuracy of consensus real estate forecasts revisited
Published Date
Feb 5, 2020
Volume
37
Issue
2
Pages
147 - 170
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