The Real Estate Management Institute (REMI) of the EBS Business School and Aareal Bank AG have granted for the sixth time the Aareal Award of Excellence in Real Estate Research for academically-outstanding research work in real estate economics. The majority of the applications came from abroad and especially from North America and Asia. Nevertheless, the winners are German-speaking.

This year's topics were: International Real Estate Research, Real Estate Finance and Real Estate Management for the three categories: Dissertation, Research Paper, MSc-/BSc-/Diploma Thesis. The winners received their awards from the initiators: Professor Nico B. Rottke, EBS REMI, Dr Wolf Schumacher, Aareal Bank AG and Elke Rudolph, Immobilien Manager Verlag.

The winners

Category of Dissertation/Ph.D

Dr. Oliver Bischoff, University of Hamburg, Germany, for his work „Essays on Selected Characteristics of the German Housing Market“

Category of Research paper

Prof. Dr. Helmut Herwartz, Georg-August-University at Göttingen, Germany, for his work: „On housing booms and credit market conditions: A state space model“

Category of DMSc-/BSc-/Diploma Thesis

Richard Fell, School of Real Estate and Planning, University of Reading, UK, for his work: „Deciphering Mixed Signals: Do Dynamic Conditional Correlations and Cointegration tests remove or reinforce the case for listed real estate equities within the domestic UK mixed-asset portfolio over time?”