Property Derivatives

Property derivatives have the potential to revolutionize real
estate - the last major asset class without a liquid derivatives
market. The new instruments offer ease and flexibility in the
management of property risk and return.

Property funds, insurance companies, pension and life funds,
speculators, hedge funds or any asset manager with a view on the
real estate market can apply the new derivatives to hedge property
risk, to invest synthetically in real estate, or for portfolio
optimization. Moreover, developers, builders, home suppliers,
occupiers, banks, mortgage lenders and governmental agencies can
better cope with their real estate exposure using property
derivatives.

This book is a practical introduction to property derivatives
and their numerous applications. Providing a comprehensive overview
of the property derivatives market and indices, there is also
in-depth coverage of pricing, hedging and risk management, which
will deepen the readers understanding of the market's
mechanisms.

Covering both the theoretical and practical aspects of the
property derivatives markets; this book is the definitive reference
guide to a new and fast-growing market.