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Tel: +49 (0)621 1235-142
Fax: +49 (0)621 1235-223
Prof. Dr. Felix Schindler was a senior researcher of the research department "International Finance and Financial Management" at the Centre for European Economic Research (ZEW). His main fields of research were real estate markets, real estate economics, real estate finance and investment as well as portfolio management, asset allocation and savings behaviour.
Since January 2013, he has been working for the BHF-Bank and is a research associate at the ZEW. He closely cooperates with the research department "International Finance and Financial Management" and is a member of the research network "Real Estate Markets and Capital Markets" (ReCapNet). Furthermore, Prof. Dr. Felix Schindler is professor for real estate finance and economics at the Center for Real Estate Studies (CRES) at the Steinbeis University Berlin (SHB).
Schindler, Felix (forthcoming), Persistence and Predictability in UK House Price Movements, Journal of Real Estate Finance and Economics.
Schindler, Felix (2013), Predictability and Persistence of the Price Movements of the S&P/Case-Shiller House Price Indices, Journal of Real Estate Finance and Economics 46(1), 44-90.
Rehkugler, Heinz, Felix Schindler and Rafael Zajonz (2012), The Net Asset Value and Stock Prices of European Real Estate Companies – Explaining Net Asset Value Spreads by an Empirical Model –, Zeitschrift für Betriebswirtschaft (ZfB) 82, Special Issue 1-2012, 53-77.
Kröncke, Tim-Alexander and Felix Schindler (2012), International Diversification with Securitized Real Estate and the Veiling Glare from Currency Risk, Journal of International Money and Finance 31(7), 1851-1866.
Rehkugler, Heinz and Felix Schindler (2012), Neue Regulierungen für die Finanzwirtschaft – Mögliche Auswirkungen von Solvency II und Basel III für die Attraktivität von Immobilienanlagen und die Immobilienfinanzierung, Betriebswirtschaftliche Forschung und Praxis (BFuP) 2/2012, 105-120.
Schindler, Felix (2011), Market Efficiency and Return Predictability in the Emerging Securitized Real Estate Markets, Journal of Real Estate Literature 19(1), 111-150.
Schindler, Felix (2011), Long-Term Benefits from Investing in International Securitized Real Estate, International Real Estate Review 14(1), 27-60.
Füss, Roland and Felix Schindler (2011), Diversifikationsvorteile verbriefter Immobilienanlagen in einem Mixed-Asset-Portfolio, Perspektiven der Wirtschaftspolitik 12(2), 170-191.
Kröncke, Tim-Alexander and Felix Schindler (2010), Downside Risk Optimization in Securitized Real Estate Markets, Journal of Property Investment & Finance 28(6), 434-453.
Schindler, Felix, Nico Rottke and Roland Füss (2010), Testing the Predictability and Efficiency of Securitized Real Estate Markets, Journal of Real Estate Portfolio Management 16(2), 171-191.
Schindler, Felix (2010), Spillover Effects between International Real Estate Stock Markets, Journal of Interdisciplinary Property Research (Zeitschrift für Immobilienökonomie) 1/2010, 5-25.
Schindler, Felix (2009), Correlation Structure of Real Estate Markets over Time, Journal of Property Investment & Finance 27(6), 579-592.
Schindler, Felix (2009), Long-Term Benefits from Investing in Asia-Pacific Real Estate, Pacific Rim Property Research Journal 15(3), 335-357.
Schindler, Felix (2012), Globale Immobilienanlagen als attraktive Beimischung im Portfolio, UBS Real Estate Focus 2012, 35-36.
Schindler, Felix (2012), Rendite vs. Risiko - Most Wanted, Patrizia Estatements Magazin 01/2012, 16-19.
Rehkugler, Heinz and Felix Schindler (2005), Investment Property – Anwendungshinweis für die Praxis (IAS 40), Accounting 5, 5-8.
Schindler, Felix and Peter Winker (2012), Nichtstationarität und Kointegration, in: Michael Schröder, Finanzmarkt-Ökonometrie, 2. Auflage, Stuttgart, 227-266.
Schindler, Felix, Tim-Alexander Kröncke, Paul Gans and Rüdiger Meng (2012), Wohnungsmarktbeobachtung Baden-Württemberg 2011. Download
Kröncke, Tim-Alexander, Felix Schindler and Peter Westerheide (2011), Finanzierungsstrategien wohnungswirtschaftlicher Akteure unter veränderten Rahmenbedingungen auf den Finanzierungsmärkten, BMVBS-Online-Publikation Bd. 4/11. Download
Demary, Markus, Johannes Köndgen, Felix Schindler, Michael Voigtländer and Peter Westerheide (2010), A European Internal Market for Housing Finance, Schriftenreihe des Instituts für Städtebau, Wohnungswirtschaft und Bausparwesen Bd. 74, Berlin.
Demary, Markus, Johannes Köndgen, Felix Schindler, Michael Voigtländer and Peter Westerheide (2010), Ein europäischer Binnenmarkt für die Wohnungsbaufinanzierung, Schriftenreihe des Instituts für Städtebau, Wohnungswirtschaft und Bausparwesen Bd. 73, Berlin.
Schindler, Felix (2009), Immobilienaktienmärkte - Eine globale Analyse ihres Kapitalmarktverhaltens, Portfoliomanagement Bd. 24, Uhlenbruch, Bad Soden/Taunus.
Schindler, Felix and Heinz Rehkugler (2009), Risikoeffekte von REIT-Neuemissionen, in: Rehkugler, H., Die Immobilie als Kapitalmarktprodukt, 285-312.
Rehkugler, Heinz and Felix Schindler (2008), IPO-Verhalten von Immobilienunternehmen, in: Oehler, A.; Terstege, U., Finanzierung, Investition und Entscheidung – Festschrift für Michael Bitz, Wien und New York, 277-294.
Liow, Kim Hiang and Felix Schindler (2011), Are Public Real Estate Markets and Stock Markets Linked at the Local, Regional and Global Levels?, NUS-IRES Working Paper Series 2011-006, Singapur. Download
Kröncke, Tim-Alexander, Felix Schindler and Andreas Schrimpf (2011), International Diversification Benefits with Foreign Exchange Investment Styles, CREATES Research Paper 2011-10, Aarhus. Download
Liow, Kim Hiang and Felix Schindler (2011), An Assessment of the Relationship Between Public Real Estate Markets and Stock Markets at the Local, Regional, and Global Levels, ZEW Discussion Paper No. 11-056, Mannheim. Download
Kröncke, Tim-Alexander, Felix Schindler and Andreas Schrimpf (2011), International Diversification Benefits with Foreign Exchange Investment Styles, ZEW Discussion Paper No. 11-028, Mannheim. Download
Kurzrock, Björn-Martin, Frieder Mokinski, Felix Schindler and Peter Westerheide (2011), Do Residential Property Companies Systematically Adjust Their Capital Structure? The Case of Germany, ZEW Discussion Paper No. 11-014, Mannheim. Download
Kröncke, Tim-Alexander and Felix Schindler (2011), International Diversification with Securitized Real Estate and the Veiling Glare from Currency Risk, ZEW Discussion Paper No. 11-012, Mannheim. Download
Schindler, Felix and Svitlana Voronkova (2010), Linkages between International Securitized Real Estate Markets: Further Evidence from Time-Varying and Stochastic Cointegration, ZEW Discussion Paper No. 10-051, Mannheim. Download
Kröncke, Tim-Alexander and Felix Schindler (2010), Downside Risk Optimization in Securitized Real Estate Markets, ZEW Discussion Paper No. 10-034, Mannheim. Download
Schindler, Felix (2010), Market Efficiency in the Emerging Securitized Real Estate Markets, ZEW Discussion Paper No. 10-033, Mannheim. Download
Schindler, Felix (2010), How Efficient is the U.K. Housing Market?, ZEW Discussion Paper No. 10-030, Mannheim. Download
Schindler, Felix (2010), Further Evidence on the (In-) Efficiency of the U.S. Housing Market, ZEW Discussion Paper No. 10-004, Mannheim. Download
Schindler, Felix, Nico Rottke and Roland Füss (2009), Testing the Predictability and Efficiency of Securitized Real Estate Markets, ZEW Discussion Paper No. 09-054, Mannheim. Download
Schindler, Felix (2009), Volatilitätseffekte am US-amerikanischen Häusermarkt, ZEW Discussion Paper No. 09-048, Mannheim. Download
Schindler, Felix (2009), Long-term Benefits from Investing in International Real Estate, ZEW Discussion Paper No. 09-023, Mannheim. Download
Busl, Claudia, Zwetelina Iliewa, Sabine Jokisch, Marcus Kappler, Thomas Roscher, Felix Schindler and Frauke Schleer (2012), Sparen und Investieren vor dem Hintergrund des demografischen Wandels, Bundesministerium der Finanzen, Berlin. Download
Kappler, Marcus, Tim-Alexander Kröncke, Felix Schindler, Frauke Schleer, Atilim Seymen and Peter Westerheide (2011), Housing Markets and Intra-Euro Area Macroeconomic Imbalances: Identifying Policy Instruments, European Commission - Directorate General for Economic and Financial Affairs (DG ECFIN), Mannheim.
2011: BlackRock Research Award,
Institute of Global Finance, Sydney, AU,
School of Banking & Finance at Australian School of Business at UNSW, Sydney, AU
2011: Best Conference Paper Award,
Pacific Rim Real Estate Society (PRRES), Brisbane, AU
2010: Best Conference Paper Award,
Pacific Rim Real Estate Society (PRRES), Brisbane, AU
2009: Förderpreis der Deutschen Immobilien Akademie (DIA),
Dissertation,
Albert-Ludwigs-Universität Freiburg
2009: Aareal Award of Excellence in Real Estate Research,
Dissertation,
European Business School - International University Schloss Reichartshausen, Oestrich-Winkel
11.-12.2011: National University of Singapore (NUS), SG, Real Estate Department
12.2010: University of Cincinnati, US
07.2010: National University of Singapore (NUS), SG, Real Estate Department
2010 - 2012: Assistant Professorship,
Steinbeis University Berlin
Conference, 4th ReCapNet Conference: Real Estate Markets and Capital Markets,
Mannheim, Germany, 2012
Conference, Third ReCapNet Conference: Real Estate Markets and Capital Markets,
Mannheim, Germany, 2011
Prof. Dr. Felix Schindler, Dr. Peter Westerheide,
Workshop, Spring Workshop ReCapNet 2011,
Dresden, Germany, 2011
Dr. Peter Westerheide, Prof. Dr. Felix Schindler,
Conference, Second ReCapNet Conference: Real Estate Markets and Capital Markets,
ZEW Mannheim, Germany, 2010
Dr. Peter Westerheide, Prof. Dr. Felix Schindler,
Workshop, Spring Workshop ReCapNet 2010,
ZEW Mannheim, Germany, 2010
Prof. Dr. Felix Schindler, Dr. Peter Westerheide,
Conference, 1st ReCapNet Conference: Real Estate Markets and Capital Markets,
Mannheim, Germany, 2009
Prof. Dr. Felix Schindler, Dr. Peter Westerheide,
Workshop, Spring Workshop ReCapNet 2009,
Mannheim, Germany, 2009
2012: International Diversification Benefits from Foreign Exchange Investment Styles,
Jahrestagung des Vereins für Socialpolitik 2012,
Göttingen, Germany
2012: The Sources of Risk Spillovers among REITs: Asset Similarities and Regional Proximity,
MIT-NUS-Maastricht Real Estate Finance and Investment Symposium 2012,
Singapur, Republic of Singapore
2012: The Sources of Risk Spillovers among REITs: Asset Similarities and Regional Proximity,
19th European Real Estate Society Conference,
Edinburgh, United Kingdom
2011: International Diversifiation Benefits with Foreign Exchange Investment Styles,
The 24th Australasian Banking and Finance Conference,
Sydney, Australia
2011: Housing Cycles, Business Cycles, and the Cross-Section of Stock Returns,
NUS DRE-IRES Joint Real Estate Research Seminar,
Singapur, Republic of Singapore
2011: International Diversification with Securitized Real Estate Markets and the Veiling Glare from Currency Risk,
18. DGF-Jahrestagung,
Regensburg, Germany
2011: International Diversification with Securitized Real Estate Markets and the Veiling Glare from Currency Risk,
Jahrestagung des Vereins für Socialpolitik 2011,
Frankfurt am Main, Germany
2011: International Diversification with Securitized Real Estate Markets and the Veiling Glare from Currency Risk,
2011 Asia-Pacific Real Estate Research Symposium,
Adelaide, Australia
2011: International Diversification with Securitized Real Estate Markets and the Veiling Glare from Currency Risk,
American Real Estate Society Conference,
Seattle, United States of America (USA)
2011: International Diversification with Securitized Real Estate Markets and the Veiling Glare from Currency Risk,
Pacific Rim Real Estate Society Conference,
Gold Coast, Australia
2010: Market Efficiency in Emerging Securitized Real Estate Markets,
1st MENARES Conference,
Dubai, United Arab Emirates
2010: Testing the Predictability and Efficiency of Securitized Real Estate Markets,
2010 Asia Pacific Real Estate Research Symposium,
Hong Kong, China - People's Republic
2010: Market Efficiency in Emerging Securitized Real Estate Markets,
17th European Real Estate Society Conference,
Mailand, Italy
2010: Testing the Predictability and Efficiency of Securitized Real Estate Markets,
American Real Estate and Urban Economics Association - International Meeting,
Rotterdam, Netherlands
2010: Performance of Real Estate Private Equity Funds,
2nd ReCapNet Workshop,
ZEW Mannheim, Germany
2010: Testing the Predictability and Efficiency of Securitized Real Estate Markets,
American Real Estate Society Conference,
Naples, United States of America (USA)
2010: Testing the Predictability and Efficiency of Securitized Real Estate Markets,
Pacific Rim Real Estate Society Conference,
Wellington, New Zealand
2009: Co-Movements in International Real Estate Stock Markets,
1st ReCapNet Conference: Real Estate Markets and Capital Markets (1035),
ZEW Mannheim, Germany
11.2012: Lecture "Finanzmanagement im Gesundheitswesen",
Albert-Ludwigs-Universität Freiburg
09.2012: Lecture "Corporate Finance",
Steinbeis University Berlin
01.2012: Lecture "Portfoliotheorie und deren Anwendung auf die Investitionsstrategie",
HWZ Hochschule für Wirtschaft Zürich , CH
WS 2012/2013: Lecture and tutorial "Kursprognose und angewandte Asset Allocation",
University of Regensburg
SS 2012: Lecture "Kursprognose und angewandte Asset Allocation",
University of Regensburg
11.2011: Lecture "Real Estate Finance",
Steinbeis University Berlin
11.2011: Lecture "Finanzmanagement im Gesundheitswesen",
Albert-Ludwigs-Universität Freiburg
Freiburg Academy of Continuing Education (FRAUW)
02.2011: Lecture "Portfoliotheorie und deren Anwendung auf die Investitionsstrategie",
HWZ Hochschule für Wirtschaft Zürich , CH
11.2010: Lecture "Finanzmanagement im Gesundheitswesen",
Albert-Ludwigs-Universität Freiburg
Freiburg Academy of Continuing Education (FRAUW)
06.2010: Lecture "Finanzmanagement im Gesundheitswesen",
Akademie für wissenschaftliche Weiterbildung e. V. an der Albert-Ludwigs-Universität Freiburg
01.2010: Lecture "Portfoliotheorie und deren Anwendung auf die Investitionsstrategie",
HWZ Hochschule für Wirtschaft Zürich , CH
14.09 - 18.11.2011
Strengthening Macroeconomic Policies (MPS+)
13.09 - 19.11.2010
Strengthening Macroeconomic Policies (MPS+)
2010 - 2012: Co-editor,
Zeitschrift für Immobilienökonomie (ZIÖ)
11.2012: 16th Conference of the Swiss Society for Financial Market Research (SGF Conference)
10.2012: Journal "Real Estate Economics"
08.2012: 4th Real Estate and Capital Markets Conference (ReCapNet)
06.2012: 19th Annual Meeting of the German Finance Association (DGF)
06.2012: 2012 Joint AsRES-AREUEA Conference
03.2012: Journal "Zeitschrift für Immobilienökonomie (ZIÖ)"
02.2012: Journal "International Journal of Strategic Property Management"
12.2011: Journal "Focus on European Economic Integration"
09.2011: The 2012 Society for Financial Studies Cavalcade
08.2011: 3rd Real Estate and Capital Markets Conference (ReCapNet)
08.2011: gif Immobilien-Forschungspreis 2011
05.2011: 18th Annual Meeting of the German Finance Association (DGF)
04.2011: Journal "Zeitschrift für Immobilienökonomie (ZIÖ)"
02.2011: Journal "Emerging Markets Finance and Trade"
08.2010: 2nd Real Estate and Capital Markets Conference (ReCapNet)
02.2010: Journal "Zeitschrift für Immobilienökonomie (ZIÖ)"
01.2010: Journal "The Journal of Real Estate Finance and Economics"
01.2010: Journal "Jahrbücher für Nationalökonomie und Statistik"
08.2009: 1st Real Estate and Capital Markets Conference (ReCapNet)
11.2012: Public hearing,
Aktuelle Entwicklungen des Wohnungsmarktes in Baden-Württemberg und Ulm,
Ulm, Germany
04.2012: Statement,
The Privately Rented Sector in Scotland,
Edinburgh, United Kingdom
01.2012: Expert hearing,
Anhörung der Enquetekommission I "Wohnungswirtschaftlicher Wandel und neue Finanzinvestoren auf den Wohnungsmärkten in NRW" des Landtags von Nordrhein-Westfalen,
Düsseldorf, Germany
2012: European Real Estate Society, Amsterdam, NL
2011 - 2012: German Economic Association (Verein für Socialpolitik), Frankfurt am Main
2010 - 2011: Pacific Rim Real Estate Society (PRRES), Brisbane, AU
2010 - 2011: American Real Estate and Urban Economics Association (AREUEA), Richmond, Virginia, US
2010 - 2011: American Real Estate Society (ARES), Clemson, US
2010: European Real Estate Society, Amsterdam, NL
A single European market for financing residential real estate
Counselling Financial Market Econometrics
Financing strategies of housing market agents under new conditions on financial markets
Housing Markets and Intra-euro area Macroeconomic Imbalances: Identifying Policy Instruments
Housing Markets Observatory Baden-Wuerttemberg
Housing Markets Observatory Baden-Wuerttemberg 2011
Leibniz Network "Real Estate Markets and Capital Markets"
Saving and Investment against the background of the demographic change
SEEK-Project 2011: Private Funding of Higher Education – Human Capital as an Asset Class