Figure 4. Real interest rate is defined as long-term government bond yield described in (Shiller 2005), minus the rate of change of the consumer price index for the preceding year. The index of the rent/price ratio is defined as the U.S. consumer price index for rent of primary residenc...
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potential for long-term value creation. The most important factors for long-term value creation, i.e., buildings that facilitate the demand organisation’s value creation are the qualities of the completed building, project governance and involvement of owners and users during early phase planning....