The issue of application of real option valuation approach in the valuation of investment
project is presented in the article in a way in which the flexibility of the project could be …

This book brings together the latest concepts and models in real-estate derivatives, the new
frontier in financial markets. The importance of real-estate derivatives in managing property …

The reverse mortgage is a financial instrument that can be tracked back to the 1960s in the
United States, with more activity reintroduced during the early1 1980s, before spreading to …

The local radial basis functions (RBF) method is becoming increasingly popular as an
alternative to the global version that suffers from ill-conditioning. The purpose of this paper is …

Real estate assets can be used to store capital, generate income through rentals and can
act as collateral for debt instruments. Common risk management mechanisms for real estate …

Retirement village contracts are complex, blending together financial options on real estate,
life annuities and life insurance. We analyse the structure of the cash flows involved in a …

In this paper, a general binomial lattice framework, which is both computationally simple and
numerically accurate, is developed for pricing real estate derivatives with stochastic interest …

This study employs the meshfree radial basis point interpolation (RBPI) for pricing real
estate derivatives contingent on real estate index. This method combines radial and …

We analyze household hedging costs and market liquidity of exchange traded options on a
set of well-developed US home price indexes allowing homeowners to hedge the downside …

Real estate derivatives have the potential to stabilize one of the most influential risks present
in economies worldwide—real estate risk. Commercial and residential real estate represent …