Editorial: The aftermath of two consecutive crises: Volatility and property market mechanisms

Abstract

A conceptual paper covers an exciting view of how the mortgage market would react when a new player with different credit criteria (LTV and interest rates) enters;it advances a theoretical explanation to recover mortgage coverage in those property markets most affected by the GFC. By analysing four measures of market linkages (correlation, spillover, connectedness and causality), this paper demonstrates that portfolio diversification with corporate equity and public real estate increases in the long term and permits future market risk prediction. [...]Hoesli and Malle analyse the effects of the COVID-19 pandemic on commercial real estate prices.