The Evolving European Real Estate Research Agenda – A Seventeen Year Retrospective Éamonn D’Arcy School of Real Estate and Planning, University of Reading Paloma Taltavull de La Paz University of Alicante

Introduction This papers examines the evolving European real estate research agenda over the past seventeen years Analysis based on over two thousand eight hundred individual conference contributions made at the annual conferences of the European Real Estate Society over the period Objectives:  To assess the extent to which the evolving research agenda reflects the process of structural change which has taken place in the European Real Estate Sector in the same time period  To provide a benchmark of how the European research agenda has evolved overtime and to use this as a means of comparing the European experience with that in other regions

Market Contexts Internationalisation of European Real Estate Markets  Shifting Geographic Orientation, Activity Internationalisation, Economic and Monetary Integration Changing Sophistication of Real Estate Asset Markets  the fundamental characteristics of non-residential real estate investment markets in Europe have undergone significant changes expanded range of actors and menu of product choices shift from direct to indirect modes revolution in performance information unparallel growth in investment volumes shift from domestic towards cross-border strategies evolution of debt markets Impacts of the Information Economy  Changing Place and Space Strategies

Market Contexts Real Estate and Public Policy  Urban regeneration  Sustainability  Housing Policy Significant Expansion in the Provision of Real Estate Education in Europe Many new Requirements for Real Estate Research and Analysis

Data Data set constructed from The ERES Annual Conference Programmes and Books of Abstracts Data also includes the ERES pre-conference held in Reading in 1993 Data also includes no-shows Papers Subject Classification based on combination of Title, Abstract and Session Presented 7 Primary and 28 Secondary Subject Classifications made

Table 1: Primary and Secondary Classification of Research Topics Housing HOUSING POLICY HOUSING MARKET HOUSING FINANCE MORTGAGE MARKETS HOUSING PRICE INDEX/ REAL ESTATE PRICE INDEX Valuation Investment and Finance FINANCE AND INVESTMENT INVESTMENT TRUST - REITS PERFORMANCE & RISK MEASUREMENT Economics, Markets and Analysis INTERNATIONAL MARKETS MARKET ANALYSIS REAL ESTATE MARKETS QUANTITATIVE ANALYSIS OF REAL ESTATE LAND ECONOMICS EMERGING MARKET

Table 1(Contd): Primary and Secondary Classification of Research Topics Urban Planning, Development Law and Sustainability ENVIRONMENT AND BUILDINGS PLANNING, REGENERATION REAL ESTATE & SOCIETY REAL ESTATE DEVELOPMENT PROPERTY RIGHTS / LEGAL REGULATIONS Education-Professional Development EDUCATION AND RESEARCH REAL ESTATE EXPERTS/PROFESSIONALS ETHICS CRE-Property and Management IT AND REAL ESTATE CRE/USE AND OCCUPATION REAL ESTATE & MANAGEMENT CORPORATE REAL ESTATE REAL ESTATE MARKETING

Table 2: Research Contributions by Year and Category Contribution CategoryTotal Doctoral Paper Research PaperPanelKeynotePlenary 1993 READING, UK AMSTERDAM, The Netherlands STOCKHOLM, Sweden BELFAST, UK BERLIN, Germany MAASTRICHT, The Netherland ATHENS, Greece BORDEAUX, France ALICANTE, Spain GLASGOW, UK HELSINKI, Finland MILAN, Italy DUBLIN, Ireland WEIMAR, Germany LONDON, UK KRAKOW, Poland STOCKHOLM, Sweden

Table 3: Ranking of Research Papers by Country of Origin of First Author - Top Twelve Year Total UK GERMANY THE NETHERLANDS USA AUSTRALIA SPAIN ITALY POLAND SINGAPORE FRANCE FINLAND SWEDEN

Table 4: Research Leadership – The Top Twelve Institutions by papers presented (First Author) Over Time RankInstitution Total 1 The University of Reading National University of Singapore Oxford Brookes University Delft University of Technology University of Aberdeen Royal Institute of Technology University of Ulster European Business School University of Western Sydney University of Regensburg University of Alicante University of Glasgow

Concluding Remarks Changes in research contributions overtime broadly reflect the process of structural change in European Real Estate Markets Significant Growth in Contributions from Continental Europe Growth in European Doctoral Community Research Leadership still relatively confined to a small number of institutions Growth in Research Cooperation – fostering well networked research community

Issues Going Forward Conversion of Conference Papers to Publications Changing Formats – Focus on Presentation over Paper The Mix – Panels – Symposiums – Papers – Posters ERES Doctoral Network