000			02157 a2200373 4500
001			23995779
003			000
005			20251014135849.0
008			250110s2025 nju 001 0 eng c
010			_a 2025000011
020			_a9781394324859
035			_a23995779
040			_aWaSeSS/DLC _beng _erda _cDLC _dDLC
042			_apcc
043			_ae------
050	0	0	_aHD 1382.5 .M43
082	0	0	_a332.7/2094 _223/eng/20250317
100	1		_aMeijer, Harm, _eauthor.
245	1	0	_aReal estate rules : _bthe investor's guide to picking winners and avoiding losers in listed property / _cHarm Meijer.
263			_a2504
264		1	_aHoboken, NJ : _bWiley, _c2025.
300			_axx, 233p. ill.
336			_atext _btxt _2rdacontent
337			_aunmediated _bn _2rdamedia
338			_avolume _bnc _2rdacarrier
500			_aIncludes index.
520			_a"It is the classic mistake: buying real estate solely because the yield - rent as a percentage of the property value - is high. Of course, one can get lucky, for instance with a distressed seller, but more often it is a sign of a 'dressed-up' asset with poor rental income prospects. As Michiel te Paske, former fund manager of Morgan Stanley, says: 'You can't polish a turd'. But it is remarkable how many investors fall into this trap time and again. Particularly, private investors and smaller pension funds have been victims of buying assets for the yield, only to end up with declining rental income and almost worthless vacant buildings. The property might offer a high yield, but it is about the total return (yield plus valuation growth). In my experience, the high yield is often not high enough to compensate for the risk. In fact, there is often an inverse relationship between yield and total return: lower-yielding."-- _cProvided by publisher.
650		0	_aReal estate investment _zEurope.
650		0	_aReal estate investment trusts _zEurope.
776	0	8	_iOnline version: _aMeijer, Harm. _tReal estate rules _dHoboken, NJ : Wiley, 2025 _z9781394324873 _w(DLC) 2025000012
906			_a7 _bcbc _corignew _d1 _eecip _f20 _gy-gencatlg
942			_2lcc _cBK
999			_c43753 _d43753