The IPF welcomes research proposals from those looking to undertake research in Real Estate Investment. The Research Programme aims to address 'industry issues' and, in doing so, support the wider objectives of the Forum to enhance the knowledge, understanding and efficiency of property as an investment. Research proposals are considered by the IPF Research Steering Group, a committee of industry practitioners with a wealth of experience in both research and practice.
The types of research ideas that the IPF will consider taking forward will be those that meet the IPF's overall aims to enhance the knowledge and understanding of property as an investment asset class (both to property professionals, and to those outside property), or that supports or develops: new or improves existing forms of real estate investment; improvements in the functioning of the property investment market in the UK; or the activities of the IPF. Preference will be given to proposals that: improve the functioning and efficiency of the market; ensure property receives a fair hearing with investment asset allocators; or provide a sound empirical platform for initiating and informing debate at the highest levels of government.
In terms of research themes, specific areas of interest comprise:
- Asset allocation
- Portfolio selection
- Asset management
Additionally, the Research Programme seeks to support five issues of concern identified by the IPF membership, being to enhance the understanding of:
- How property is financed and funded
- The impact of regulation and legislation
- Internationalisation of real estate
- Residential property investment
Proposals that clearly specify how the findings of such research are to be disseminated and, where applicable, how researchers will engage with industry practitioners to encourage the adoption of new approaches will be looked on with greater favour.IPF Research Programme research submission guidelines
If you would like to discuss a potential research proposal prior to submission, please contact Pam Craddock, IPF Research Director.
The following projects, recently tendered, have now been commissioned:
The Size & Structure of the UK Property Market 2018
This major review of methodologies and data sources will be undertaken by Cass Business School, in association with Intrinsic Value Real Estate Advisers. A summary update of the end-2017 size and structure of the market should be available by the end of the year. The full report, detailing the revised basis of sources and methods used in deriving the end-year figures, together with end-2018 results is due to be delivered in the spring of 2019.
Implications of Retail Structural Change on Sector Allocations in Investment Portfolios
The University of the West of England, Bristol, has been commissioned to undertake this research. The study will consider the fundamental question of what influence to date the many changes in retailing have had on allocations to the sector within major, institutional/ non-specialist real estate investment portfolios, and what may replace retail, should long-term allocations to this sector decline. The full report will be published in Q1 2019.
Occupational Drivers of Investment Performance in Real Estate Sectors
The IPF proposes to commission a series of studies across a range of property types, to identify key characteristics that drive tenant demand providing original insights into the investment implications of change to sector performance. An announcement on the development of this proposal will be forthcoming in the next few weeks.
Current Practices in Benchmarking Real Estate Investment Performance
Benchmarks in investment management provide the basis on which performance is monitored and judged. Heriot-Watt University is investigating the range and application of benchmarks within private real estate as an asset class. The research examines the selection, composition and use of benchmarks by a range of investor types in the context of UK market practice. For further information on this project, click here.
Scheduled for publication Q3 2018
Long-term Valuation Methodologies in Real Estate Lending
Based on the findings of earlier work by the PIA Debt Group Long Term Value group, the University of Cambridge has been appointed to carry out a detailed analysis and independent testing of the methodologies that emerged. In partnership with the University of Reading, the research team will go on to review alternative inputs and test the efficiency of the models developed, exploring how these methodologies might work at the segment and sub-segment level. For further information on this project, click here.
Scheduled for publication Q2 2019
UK Residential Attitudes and Investment Survey 2018
This annual survey monitors the level of current exposure, investment intentions and barriers to investment in UK residential property. Data collection from institutional and large scale investors will be conducted via an online survey with the findings being presented before the year-end.
Scheduled for publication Q4 2018