1. 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

2. 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 1993-2010 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

3. 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

4. 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

5. Data Data set constructed from The ERES Annual Conference Programmes and Books of Abstracts 1994-2009 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

6. 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

7. 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

8. Table 2: Research Contributions by Year and Category Contribution CategoryTotal Doctoral Paper Research PaperPanelKeynotePlenary 1993 READING, UK024000 1994 AMSTERDAM, The Netherlands04100243 1995 STOCKHOLM, Sweden098600104 1996 BELFAST, UK06820070 1997 BERLIN, Germany096130100 1998 MAASTRICHT, The Netherland0105201108 1999 ATHENS, Greece7101821119 2000 BORDEAUX, France0124004128 2001 ALICANTE, Spain9191722211 2002 GLASGOW, UK0144300147 2003 HELSINKI, Finland8190313205 2004 MILAN, Italy13208005226 2005 DUBLIN, Ireland19272101293 2006 WEIMAR, Germany72271102247 2007 LONDON, UK19295300317 2008 KRAKOW, Poland17207500229 2009 STOCKHOLM, Sweden31269600306 1302660588212877

15. Table 3: Ranking of Research Papers by Country of Origin of First Author - Top Twelve Year 9394959697989900010203040506070809Total UK1814222731263940465762508137744552721 GERMANY10222923212817223268373836311 THE NETHERLANDS20242957106 11200262225161 USA2410342434910111418111579158 AUSTRALIA00542411 69810118181718142 SPAIN0001348536761174464106 ITALY01000023623309279983 POLAND0212321234578811141083 SINGAPORE001015465810816660682 FRANCE00000011774686484873 FINLAND016010231061154363768 SWEDEN0012111112113451111863

17. Table 4: Research Leadership – The Top Twelve Institutions by papers presented (First Author) Over Time RankInstitution 19 93 19 94 19 95 19 96 19 97 19 98 19 99 20 00 20 01 20 02 20 03 20 04 20 05 20 06 20 07 20 08 20 09Total 1 The University of Reading73349710586111316121188141 2 National University of Singapore00100546589816660579 3 Oxford Brookes University0242001114456467148 4 Delft University of Technology0100001143108858444 5 University of Aberdeen0014543323423041342 6 Royal Institute of Technology008011100110310111341 7University of Ulster0112212724222322439 8 European Business School00010110212614322237 9 University of Western Sydney0021002322333444437 10 University of Regensburg00000001000044129636 11University of Alicante0001116152234222234 12 University of Glasgow0020125212334042233

19. 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

20. 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