Research Areas

Spatial Linkages, Location and Pricing

Spatial dynamics can affect both households and investors and subsequently the price of companies and real assets. What goes beyond a mere headquarter location of the company is identifying the relevant locations for the performance. It it is essential to account for distance in order to extract additional information from real assets that was not possible to capture so far. 

Affordable Housing

The topic of affordable housing is assessed from an institutional and finance point of view. While being a form of real estate, affordable housing is a form of social infrastructure which is closely linked to public financing and political economy. In particular, this research area looks into the financial vehicles for the affordable housing provision internationally, in the UK, and in London more specifically. It focuses on the role of institutional investors in the rental market and organisations in charge of the provision of social housing. Through close collaboration with major providers of affordable housing such as public institutions and institutional investors, we aim to provide impactful research and applied solutions to the UN sustainable development goals in particular addressing poverty and sustainable cities and communities as well as well-being, reduced inequalities and  infrastructure.

Renter Protection and Institutional Investment in Multifamily Rental Housing (with M. McCollum), SSRN Working Paper.

Why do Natives and Non-natives Have Different Housing Outcomes? Evidence from Britain (with O. Oladiran and A. Nanda), International Journal of Housing Markets and Analysis, forthcoming.

Institutional context

Monetary policy, financial market regulation and the real estate market (including housing) are highly interlinked as shown during the Global Financial Crisis and the subsequent regulation on the markets. We contribute to the existing literature by stressing out the role of the real estate market - both residential and commercial. The real estate market is an important channel of transmission of monetary policy and credit market shocks and thus needs a particular consideration, especially accounting for the illiquidity and heterogeneity of the real estate assets.

© 2018 by Stanimira Milcheva 

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