Geneva School of Economics and Management Geneva School of Economics and Management

Hoesli, M. E. R., Muckenhaupt, J., & Zhu, B. (2025). Listed Real Estate as an Inflation Hedge across Regimes. Journal of Real Estate Finance and Economics, 70 (2), 189-239.

Hoesli, M. E. R., Johner, L., & Kraiouchkina, J. (2025). The Volatility of Listed Real Estate in Europe and Portfolio Implications. Journal of Real Estate Research.

Hoesli, M. E. R., & Shmygel, A. (2025). Determinants of Discount Rates, Capitalisation Rates, and Growth Rates. Journal of Property Investment and Finance(Formerly Journal of Property Valuation and Investment).

Hoesli, M. E. R., Bourassa, S. C., Stalder, N., & Mayer, M. (2025). Reflections on Hedonic Price Modelling. Journal of European Real Estate Research.

Hoesli, M. E. R., Johner, L., & Lekander, J. (2024). The Role of Multi-Family Properties in Hedging Pension Liability Risk: Long-Run Evidence. Journal of Property Investment and Finance(Formerly Journal of Property Valuation and Investment), 42 (1), 3-27.

Hoesli, M. E. R., Lindenthal, T., Ling, D., & Ooi, J. (2024). Editorial - 2020 Real estate finance and investment symposium. Journal of Real Estate Finance and Economics, 68, 577-580.

Hoesli, M. E. R., Bourassa, S., & Dröes, M. (2024). Housing Market Segmentation: A Finite Mixture Approach. Netherlands Economic Review, 172, 291-337.

Hoesli, M. E. R., Newell, G., Marzuki,, J., & Lai, R. N. (2023). The performance of non-listed opportunity real estate funds in China. Journal of Property Investment and Finance(Formerly Journal of Property Valuation and Investment), 41 (6), 583-600.

Hoesli, M. E. R., Muckenhaupt, J., & Zhu, B. (2023). Tenant industry sector and European listed real estate performance. Journal of Real Estate Research, 45 (4), 485-510.

Hoesli, M. E. R., & Shmygel, A. (2023). House Price Bubble Detection in Ukraine. Journal of European Real Estate Research, 16 (2), 297-324.

Hoesli, M. E. R., Oikarinen, E., Bourassa, S. C., & Engblom, J. (2023). Revisiting Metropolitan House Price-Income Relationships. Journal of Housing Economics, 61.

Hoesli, M. E. R., & Malle, R. (2023). Commercial real estate prices in Europe after COVID-19. Journal of European Real Estate Research, 16 (3), 340-358.

Hoesli, M. E. R., Newell, G., Bin Marzuki, M. J., & Lai, R. N. (2022). The Performance and Diversification Potential of Non-Listed Value-Add Real Estate Funds in Japan. Journal of Risk and Financial Management. https://doi.org/10.3390/jrfm15050198.

Hoesli, M. E. R., Newell, G., Marzuki,, J., Worzala, E., Adair, A., & Rodriguez, M. (2022). The significance of impact in real estate research publications. Journal of Property Investment and Finance(Formerly Journal of Property Valuation and Investment), 40 (1), 49-67.

Hoesli, M. E. R., & Malle, R. (2022). Commercial Real Estate Prices and Covid-19. Journal of European Real Estate Research, 15 (2), 295-306.

Gibson Brandon, R. N., Hoesli, M. E. R., & Shan, J. (2022). The Valuation of Illiquid Assets: A Focus on Private Equity and Real Estate. The Journal of Alternative Investments, 25 (1), 111-128.

Hoesli, M. E. R., & Johner, L. (2022). Portfolio Diversification across U.S. Gateway and Non-Gateway Real Estate Markets. Journal of Real Estate Research, 44 (4), 523-552.

Hoesli, M. E. R., Mayer, M., Bourassa, S. C., & Scognamiglio, D. (2022). Machine learning applications to land and structure valuation. Journal of Risk and Financial Management, 15 (5).

Hoesli, M. E. R., & Bourassa, S. C. (2022). Hedonic, Residual, and Matching Methods for Residential Land Valuation. Journal of Housing Economics, 58.

Delfim, J.-C., & Hoesli, M. E. R. (2021). Robust desmoothed real estate returns. Real Estate Economics, 49 (1), 75-105.

Hoesli, M. E. R. (2021). An analysis of papers published in the Journal of European Real Estate Research, 2008-2019. Journal of European Real Estate Research, 14, 296-303.

Hoesli, M., Bourassa, S., Merlin, L., & Renne, J. (2021). Big Data, Accessibility, and Urban House Prices. Urban Studies: an international journal for research in urban studies, 58 (15), 3176-3195. https://doi.org/10.1177/0042098020982508.

Hoesli, M. E. R., & Oikarinen, E. (2021). Does Listed Real Estate Behave Like Direct Real Estate? Updated and Broader Evidence. Applied Economics, 53 (26), 3023-3042.

Duca, J., Hoesli, M. E. R., & Montezuma, J. (2021). The Resilience and Realignment of House Prices in the Era of Covid-19. Journal of European Real Estate Research, 14 (3), 421-431.

Hoesli, M. E. R., & Bourassa, S. C. (2021). The challenge of residential land valuation. Journal of European Real Estate Research, 14, 169-170.

Hoesli, M. E. R., Milcheva, S., & Moss, A. (2020). Is financial regulation good or bad for real estate companies? An event study. Journal of Real Estate Finance and Economics, 61 (3), 369-407. https://doi.org/10.1007/s11146-017-9634-z.

Hoesli, M. E. R. (2020). An investigation of the synchronization in global house prices. Journal of European Real Estate Research, 13 (1), 17-27. https://doi.org/10.1108/JERER-12-2019-0050.

Bourassa, S. C., Hoesli, M. E. R., & Oikarinen, E. (2019). Measuring House Price Bubbles. Real Estate Economics, 47 (2), 534-563. https://doi.org/10.1111/1540-6229.12154.

Hoesli, M. E. R., Mayer, M., Bourassa, S., & Scognamiglio, D. (2019). Estimation and updating methods for hedonic valuation. Journal of European Real Estate Research, 12 (1), 134-150. https://doi.org/10.1108/JERER-08-2018-0035.

Delfim, J.-C., & Hoesli, M. E. R. (2019). Real estate in mixed-asset portfolios for various investment horizons. Journal of Portfolio Management, 45, 141-158. https://doi.org/10.3905/jpm.2019.45.7.141.

Oikarinen, E., Bourassa, S., Hoesli, M. E. R., & Engblom, J. (2018). U.S. metropolitan house price dynamics. Journal of Urban Economics, 105, 54-69. https://doi.org/10.1016/j.jue.2018.03.001.

Hoesli, M. E., Kadilli, A., & Reka, K. (2017). Commonality in liquidity and real estate securities. Journal of Real Estate Finance and Economics, 55 (1), 65-105. https://doi.org/10.2139/ssrn.2434072.

Falkenbach, H., & Hoesli, M. E. (2017). Real estate investing: opportunities and challenges. Bankers, Markets & Investors (ex-Banque & Marchés), 148 (1), 42430.

Bourassa, S. C., & Hoesli, M. E. (2017). High frequency house price indexes with scarce data. Journal of Real Estate Literature, 25 (1), 207-220.

Bourassa, S. C., Haurin, D. R., & Hoesli, M. E. (2016). What affects children's outcomes: house characteristics or homeownership? Housing Studies, 31 (4), 427-444. https://doi.org/10.1080/02673037.2015.1094030.

Bourassa, S. C., Cantoni, E., & Hoesli, M. E. (2016). Robust hedonic price indexes. International Journal of Housing Markets and Analysis, 9 (1), 47-65. https://doi.org/10.1108/IJHMA-11-2014-0050.

Delfim, J.-C., & Hoesli, M. E. (2016). Risk factors of european non-listed real estate fund returns. Journal of Property Research, 33 (3), 190-213. https://doi.org/10.1080/09599916.2016.1199590.

Hoesli, M. E., & Oikarinen, E. (2016). Are public and private asset returns and risks the same? evidence from real estate data. Journal of Real Estate Portfolio Management, 22 (2), 179-198.

Hoesli, M. E. R. (2016). Real estate research in Europe. Journal of European Real Estate Research, 9 (3), 220-230. https://doi.org/10.1108/JERER-06-2016-0025.

Hoesli, M. E., Bourassa, S. C., Haurin, D. R., & Hendershott, P. H. (2015). Determinants of the Homeownership Rate: an international perspective. Journal of Housing Research. https://doi.org/10.2139/ssrn.1953196.

Hoesli, M. E., & Chaney, A. (2015). Multifamily residential asset and space markets and linkages with the economy. Journal of Property Research, 32 (1), 50-76. https://doi.org/10.1080/09599916.2014.913656.

Hoesli, M. E., & Chaney, A. (2015). Transaction-Based and Appraisal-Based Capitalization Rate Determinants. International Real Estate Review, 18 (1), 15707. https://doi.org/10.2139/ssrn.2138908.

Hoesli, M. E., & Reka, K. (2015). Contagion Channels between Real Estate and Financial Markets. Real Estate Economics, 43 (1), 101-138. https://doi.org/10.1111/1540-6229.12070.

Hoesli, M. E., Oikarinen, E., & Serrano, C. (2015). Do Public Real Estate Returns Really Lead Private Returns? Journal of Portfolio Management, 41 (6), 105-117. https://doi.org/10.3905/jpm.2015.41.5.105.

Hoesli, M. E., Liljeblom, E., & Löflund, A. (2014). The effect of lock-ups on the suggested real estate portfolio weight. International Real Estate Review, 17 (1), 44562.

Bourassa, S. C., Cantoni, E., & Hoesli, M. E. (2013). Robust Repeat Sales Indexes. Real Estate Economics, 41 (3), 517-541. https://doi.org/10.1111/reec.12013.

Bourassa, S. C., Haurin, D. R., Hendershott, P. H., & Hoesli, M. E. (2013). Mortgage interest deductions and homeownership: An international survey. Journal of Real Estate Literature, 21, 179-203.

Hoesli, M. E., & Reka, K. (2013). Volatility spillovers, comovements and contagion in securitized real estate markets. Journal of Real Estate Finance and Economics, 47, 12785.

Hoesli, M. E., & Oikarinen, E. (2013). Are public and private asset returns and risks the same? Evidence from real estate data. Swiss Finance Institute Research Paper Series, 13 (56).

Serrano Moreno, C., & Hoesli, M. E. (2012). Fractional cointegration analysis of securitized real estate. Journal of Real Estate Finance and Economics, 44, 319-338.

Hoesli, M. E., Fraser, P., & McAlevey, L. (2012). House prices, disposable income and permanent and temporary shocks: the N.Z., U.K. and U.S. experience. Journal of European Real Estate Research, 5 (1), 46874. https://doi.org/10.1108/17539261211215987.

Hoesli, M. E., & Oikarinen, E. T. (2012). Are REITs real estate? Evidence from international sector level data. Journal of International Money and Finance, 31, 1823-1850. https://doi.org/10.15396/eres2012_232.

Bourassa, S. C., Hoesli, M. E., Scognamiglio, D., & Zhang, S. (2011). Land leverage and house prices. Regional Science and Urban Economics, 41, 134-144.

Oikarinen, E. T., Hoesli, M. E., & Serrano Moreno, C. (2011). The long-run dynamics between direct and securitized real estate. Journal of Real Estate Research, 33, 73-103.

Bourassa, S. C., Cantoni, E., & Hoesli, M. E. (2010). Predicting House Prices with Spatial Dependence: Impact of Alternatives Submarkets Definitions. Journal of Real Estate Research, 32 (2), 139--159.

Chaney, A., & Hoesli, M. E. (2010). The interest rate sensitivity of real estate. Journal of Property Research, 27, 61-85.

Bourassa, S. C., Hoesli, M. E., & Scognamiglio, D. (2010). Housing finance, prices, and tenure in Switzerland. Journal of Real Estate Literature, 18, 263-282.

Hoesli, M. E., & Serrano, C. (2010). Are Securitized Real Estate Returns more Predictable than Stock Returns? Journal of Real Estate Finance and Economics, 41 (2), 170-192.

Fraser, P., Hoesli, M. E., & McAlevey, L. (2008). A comparative analysis of house prices and bubbles in the U.K. and New Zealand. Pacific Rim Property Research Journal, 14, 257-278.

Bourassa, S. C., Cantoni, E., & Hoesli, M. E. (2007). Spatial Dependence, Housing Submarkets, and House Price Prediction. Journal of Real Estate Finance and Economics, 35 (2), 143-160. https://doi.org/10.1007/s11146-007-9036-8.

Gaud, P., Hoesli, M. E., & Bender, A. (2007). Debt-equity choice in Europe. International Review of Financial Analysis, 16, 201-222.

Black, A., Fraser, P., & Hoesli, M. E. (2006). House prices, fundamentals and bubbles. Journal of Business Finance and Accounting, 33, 1535-1555.

Hoesli, M. E., Jani, E., & Bender, A. (2006). Monte Carlo simulations for real estate valuation. Journal of Property Investment and Finance(Formerly Journal of Property Valuation and Investment), 24, 102-122.

Hoesli, M. E., Bourassa, S. C., & Sun, J. (2006). A simple alternative house price index method. Journal of Housing Economics, 15, 80-97.

Hoesli, M. E., & Cauchie, S. V. (2006). Further evidence of the integration of securitized real estate and financial assets. Journal of Property Research, 23, 13881.

Hoesli, M. E., Gaud, P., Jani, E., & Bender, A. (2005). The capital structure of Swiss companies: an empirical analysis using dynamic panel data. European Financial Management, 11, 51-69.

Hoesli, M. E., Bourassa, S. C., & Sun, J. (2005). The price of aesthetic externalities. Journal of Real Estate Literature, 13, 167-187.

Hoesli, M. E., & Lekander, J. (2005). Suggested vs. actual institutional allocations to real estate in Europe: A matter of size? The Journal of Alternative Investments, 8, 62-70. https://doi.org/10.3905/jai.2005.591578.

Hoesli, M. E., Lekander, J., & Witkiewicz, W. (2004). International evidence on real estate as a portfolio diversifier. Journal of Real Estate Research, 26, 161-206.

Hoesli, M. E., Gunnelin, A., Hendershott, P., & Söderberg, B. (2004). Determinants of cross-sectional variation in discount rates, growth rates, and exit cap rates. Real Estate Economics, 32, 217-237.

Hoesli, M. E., Bourassa, S. C., & Sun, J. (2004). What's in a view? Environment and Planning A, 36, 1427-1450.

Hoesli, M. E., & Hamelink, F. (2004). Maximum drawdown and the allocation to real estate. Journal of Property Research, 21, 47239.

Hoesli, M. E., & Hamelink, F. (2004). What factors determine international real estate security returns. Real Estate Economics, 32, 437-462.

Hoesli, M. E., & Gibb, K. (2003). Developments in urban housing and property markets. Urban Studies: an international journal for research in urban studies, 40, 887-896.

Hoesli, M. E., Lekander, J., & Witkiewicz, W. (2003). Real estate in the institutional portfolio: a comparison of suggested and actual weights. The Journal of Alternative Investments, 6, 53-59. https://doi.org/10.3905/jai.2003.319099.

Hoesli, M. E., Hamelink, F., & MacGregor, B. D. (1999). Defining housing submarkets. Journal of Housing Economics, 8, 160-183.

Hoesli, M. E., Thion, B., & Watkins, C. (1997). A hedonic investigation of the rental value of apartments in central Bordeaux. Journal of Property Research, 14, 15-26. https://doi.org/10.1080/095999197368735.

Hoesli, M. E., Favarger, P., & Giaccotto, C. (1997). Swiss real estate: price indices and performance. Swiss Journal of Economics and Statistics, 133, 29-48.

Hoesli, M. E., Liu, C. H., & Hartzell, D. J. (1997). International evidence on real estate securities as an inflation hedge. Real Estate Economics, 25, 193-221. https://doi.org/10.1111/1540-6229.00712.

Hoesli, M. E., & MacGregor, B. (1997). European real estate research and education: development, globalization and maturity. Journal of Real Estate Finance and Economics, 15, 43348.

Hoesli, M. E., Lizieri, C., & MacGregor, B. (1997). The spatial dimensions of the investment performance of UK commercial property. Urban Studies: an international journal for research in urban studies, 34, 1475-1494.

Hoesli, M. E., & Hamelink, F. (1996). Swiss real estate as a hedge against inflation: new evidence using hedonic and autoregressive models. Journal of Property Finance, 7, 33-49. https://doi.org/10.1108/09588689610111601.

Hoesli, M. E., & Hamelink, F. (1996). Conditional heteroscedasticity and real estate in diversified portfolios: an application of the QTARCH methodology. Journal of Property Research, 13, 17-30. https://doi.org/10.1080/095999196368853.

Hoesli, M. E., Matysiak, G., MacGregor, B. D., & Nanthakumaran, N. (1996). The long term inflation hedging characteristics of UK commercial property. Journal of Property Finance, 7, 50-61. https://doi.org/10.1108/09588689610111610.

Hoesli, M. E., & Hamelink, F. (1996). Diversification of Swiss portfolios with real estate: results based on a hedonic index. Journal of Property Investment and Finance(Formerly Journal of Property Valuation and Investment), 14, 59-75. https://doi.org/10.1108/14635789610154299.

Hoesli, M. E., Eichholtz, P., MacGregor, B. D., & Nanthakumaran, N. (1995). Real estate portfolio diversification by property type and geographical region in the United Kingdom and the United States. Journal of Property Finance, 6, 39-59.

Hoesli, M. E., & Büchel, S. (1995). A hedonic analysis of rent and rental revenue in the subsidized and unsubsidized housing sectors in Geneva. Urban Studies: an international journal for research in urban studies, 32, 1199-1213.

Hoesli, M. E. (1994). Real estate as a hedge against inflation: learning from the Swiss case. Journal of Property Investment and Finance(Formerly Journal of Property Valuation and Investment), 12, 51-59. https://doi.org/10.1108/14635789410063913.

Hoesli, M. E., Gacem, B., & Bender, A. (1993). Estimating the value of Swiss residential real estate. Swiss Journal of Economics and Statistics, 129, 673-687.

Hoesli, M. E., Khoo, T., & Hartzell, D. (1993). An investigation of the change in real estate investment trust betas. Real Estate Economics, 21, 107-130.

Hoesli, M. E. R., Johner, L., & Lekander, J. (2022). The role of multi-family properties in hedging pension liability risk: long-run evidence. European Real Estate Society.

Hoesli, M. E. R., & Johner, L. (2021). Real estate portfolio diversification across U.S. gateway and non-gateway markets. European Real Estate Society Conference.

Hoesli, M. E. R., Muckenhaupt, J., & Zhu, B. (2021). Tenant industry sector and European listed real estate performance. European Real Estate Society Conference.

Hoesli, M. E. R., & Johner, L. (2021). Real estate portfolio diversification across U.S. gateway and non-gateway markets. Real Estate Research Institute Conference.

Hoesli, M. E. R., & Bourassa, S. C. (2021). Land valuation using a mix of hedonic and depreciated cost methods. David C. Lincoln Fellowship Symposium.

Hoesli, M. E. R. (2020). Heterogeneous households and market segmentation in a hedonic framework. American Real Estate and Urban Economics Association.

Hoesli, M. E. R., Duca, J., & Montezuma, J. (2020). The resilience and realignment of house prices in the era of Covid-19. European Real Estate Society Education Seminar.

Hoesli, M. E. R., Dröes, M., & Bourassa, S. C. (2020). Heterogeneous households and market segmentation in a hedonic framework. American Real Estate and Urban Economics Association Conference.

Hoesli, M. E. R. (2019). Synchronization in global house prices – The case of cities. 28th European Real Estate Society Industry Seminar, Lisbon School of Economics and Management, University of Lisbon.

Hoesli, M. E. R. (2019). Big data and urban land valuation. 19th African Real Estate Society Annual Conference.

Hoesli, M. E. R. (2019). Heterogeneous households and market segmentation in a hedonic framework. 24th Asian Real Estate Society Annual Conference.

Hoesli, M. E. R. (2019). Real estate in mixed-asset portfolios for various investment horizons. American Real Estate and Urban Economics Association International Conference, Bocconi University.

Hoesli, M. E. R. (2019). Synchronization in global house prices – The case of cities. European Real Estate Society Industry Seminar.

Hoesli, M. E. R. (2018). Revisiting the house price-income relationship. 23rd Asian Real Estate Society Annual Conference.

Hoesli, M. E. R. (2018). Real estate risk factors and portfolio allocation. 25th European Real Estate Society Annual Conference.

Hoesli, M. E. R. (2018). U.S metropolitan house price dynamics. 34th American Real Estate Society Annual Conference.

Hoesli, M. E. R. (2018). U.S metropolitan house price dynamics. 53rd American Real Estate and Urban Economics Association Annual Conference.

Hoesli, M. E. R. (2017). Revisiting the house price-income relationship. 17th Latin American Real Estate Society Annual Conference.

Hoesli, M. E. R. (2017). Revisiting the house price-income relationship. American Real Estate and Urban Economics Association International Conference.

Hoesli, M. E. R. (2016). High frequency house price indexes with scarce data. 25th International Rome Conference on Money, Banking and Finance, University of Rome Tre.

Hoesli, M. E. R. (2016). Real estate company reactions to financial market regulation. Real Estate Finance & Investment Symposium, University of Cambridge.

Hoesli, M. E. R. (2015). Measuring house price bubbles. 24th International Rome Conference on Money, Banking and Finance, LUMSA University.

Hoesli, M. E. R. (2015). Measuring house price bubbles. Joint Asian Real Estate Society and American Real Estate and Urban Economics International Conference.

Hoesli, M. E. R. (2015). Real estate market reactions to international financial market regulation. 22nd European Real Estate Society Annual Conference.

Hoesli, M. E. R. (2015). Are public and private real estate returns and risks the same? 21st Pacific Rim Real Estate Society Annual Conference.

Hoesli, M. E. R. (2022). Real estate price indices. University of Lisbon.

Hoesli, M. E. R., & Johner, L. (2021). Portfolio diversification across U.S. gateway and non-gateway real estate markets. European Commercial Real Estate Data Alliance Conference.

Hoesli, M. E. R., & Delfim, J.-C. (2021). Real estate in mixed-asset portfolios for various investment horizons. Nick Tyrrell Prize Conference.

Hoesli, M. E. R., & Johner, L. (2022). Portfolio diversification across U.S. gateway and non-gateway real estate markets. University of Aberdeen Business School.

Hoesli, M. E. R., & Bourassa, S. C. (2022). Hedonic, residual, and matching methods for residential land valuation. University of Aberdeen Business School Researc h Seminar Series in Real Estate.

Hoesli, M. E. R., & Johner, L. (2021). Portfolio diversification across U.S. gateway and non-gateway real estate markets. University of Neuchâtel Research Seminar in Economics.

Hoesli, M. E. R., & Johner, L. (2021). Portfolio diversification across U.S. gateway and non-gateway real estate markets. Royal Institute of Technology, Department of Real Estate and Construction Management.

Hoesli, M. E. R. (2016). Measuring house price bubbles. Finance and real estate seminar, Ecole hôtelière de Lausanne.

Hoesli, M. E. R. (2015). Measuring house price bubbles. School of Finance, University of St. Gallen.

Hoesli, M. E. R. (2015). Measuring house price bubbles. Henley Business School, University of Reading.

Hoesli, M. E. R. (2020). Real estate valuation and indices., Zurich, Switzerland.

Hoesli, M. E. R. (2018). House price bubbles., Groningen, Netherlands (The).

Hoesli, M. E. R. (2017). Real estate and housing markets in Europe: opportunities and challenges., Taichung, Taiwan.

Hoesli, M. E. R. (2016). Real estate research in Europe., Regensburg, Germany.

Hoesli, M. E. R. (2016). Comparing direct, non-listed and listed property investments: impact of macroeconomic risk factors., Helsinki, Finland.

Hoesli, M. E. R. (2016). House price indices and bubbles., Tomsk, Russia.

Hoesli, M. E. R. (2021). Investissement immobilier. Décision et gestion du risque (4e ed.). Editions Economica.

Hoesli, M. E. R. (2018). Investissement immobilier - Décision et gestion du risque (3 ed.). Editions Economica.

Girardin, M., Berrada, T. N., Chaieb, I., Gibson Brandon, R. N., Hoesli, M. E. R., Krueger, P., ... & Valta, P. (2016). Make Smart Investment Decisions in a Global World. Coursera, Geneva, Switzerland.