Hoesli, MartinJohner, LouisKraiouchkina, Jackline2025-03-242025-03-242025Hoesli, M, Johner, L & Kraiouchkina, J 2025, 'The Volatility of Listed Real Estate in Europe and Portfolio Implications', Journal of Real Estate Research, vol. 47, no. 2, pp. 240-278. https://doi.org/10.1080/08965803.2024.24472140896-5803ORCID: /0000-0003-2173-1200/work/180764289https://hdl.handle.net/2164/25194Participants at the European Real Estate Society (ERES) Annual Conference, the Royal Institute of Technology in Stockholm (Sweden) Research Seminar, the Journal of Real Estate Research and University of Central Florida Current Issues in Real Estate Symposium, and the American Real Estate Society (ARES) Conference provided many useful comments and suggestions. We are also grateful to the two reviewers for their very constructive remarks that have much improved the quality of the paper.402810846engListed Real EstateVolatilityCrisesGARCHPortfolio AllocationTactical RebalancingHF5601 AccountingHF5601Journal article10.1080/08965803.2024.2447214472