Franz Fuerst - Professor of Real Estate & Finance

01 About

Professor Franz Fuerst is a globally recognized expert in Real Estate Finance and Economics at the University of Cambridge's Department of Land Economy.

His pioneering research on sustainable real estate has shaped our understanding of how green buildings perform in the marketplace. With over two decades of experience, Professor Fuerst has established himself as a thought leader in energy efficiency, spatial economics, and climate risk assessment in property markets.

As Editor of Spatial Economic Analysis and Fellow at the Academy of Social Sciences, he continues to influence both academic discourse and industry practice worldwide.

Real Estate Finance Sustainable Buildings Climate Risk Spatial Economics Investment Analysis Urban Economics

Academic Excellence

Fellow of the Academy of Social Sciences

Editorial Leadership

Editor, Spatial Economic Analysis

Cambridge Fellow

Trinity Hall & JM Keynes Fund

02 Research Areas

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Green Buildings & Energy Efficiency

Major research area

Leading research on LEED, Energy Star, and BREEAM certifications

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Spatial Economics

Editorial leadership

Editor of Spatial Economic Analysis journal

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Real Estate Finance

Core expertise

REITs, fund performance, and investment strategies

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Climate Risk & Property

Emerging focus

Climate change impacts on property values

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Urban Mobility

Recent research

E-bikes and sustainable transportation

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Behavioral Economics

Interdisciplinary work

Psychology of environmental decisions

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03 Research Impact & Leadership

Academic Recognition

Fellow of the Academy of Social Sciences
J.M. Keynes Fund Fellow
Cambridge University Land Society Fellow
Global Visiting Professor, Technical University of Munich

Editorial Leadership

Editor, Spatial Economic Analysis
Editorial Board Member, multiple international journals
Regular reviewer for top-tier academic journals
Conference organizer and keynote speaker

Industry Influence

Advisor to real estate investment firms
Policy consultant on sustainable building standards
Expert witness on property valuation matters
Media commentator on real estate markets

Global Reach

Research cited by policymakers worldwide
International collaboration network
Projects spanning multiple continents
Influence on green building standards globally

Research Philosophy

"My research aims to bridge the gap between academic rigor and practical application in real estate markets. By combining advanced econometric methods with real-world data, I seek to provide insights that inform both investment decisions and policy making, particularly in the critical area of sustainable development and climate change adaptation."

Media & Public Engagement

Press Coverage

Regular commentary in Financial Times, The Guardian, and other major publications on real estate markets and sustainability

Speaking Engagements

Keynote speaker at international conferences on real estate, sustainability, and climate finance

Media Appearances

Expert commentary on BBC, Bloomberg, and other international media outlets

Podcasts & Webinars

Regular contributor to real estate and sustainability focused podcasts and online seminars

04 Selected Publications

Click on a research area above to view related publications

Green Buildings & Energy Efficiency

Fuerst, F., McAllister, P. (2011). Green Noise or Green Value? Measuring the Effects of Environmental Certification on Office Values. Real Estate Economics.
Fuerst, F., McAllister, P., Nanda, A., Wyatt, P. (2015). Does energy efficiency matter to home-buyers? An investigation of EPC ratings and transaction prices in England. Energy Economics.
Fuerst, F., Shimizu, C. (2016). Green luxury goods? The economics of eco-labels in the Japanese housing market. Journal of the Japanese and International Economies.
Akhtyrska, Y., Fuerst, F. (2024). The effectiveness of climate change regulations in the commercial real estate market. Energy Policy.

Spatial Economics

Fingleton, B., Fuerst, F., Szumilo, N. (2019). Housing affordability: Is new local supply the key? Environment and Planning A.
Szumilo, N., Laszkiewicz, E., Fuerst, F. (2017). The spatial impact of employment centres on housing markets. Spatial Economic Analysis.
Elhorst, P., Fuerst, F., et al. (2016-2023). Raising the bar editorial series. Spatial Economic Analysis.

Real Estate Finance

Fuerst, F., Mansley, N., Wang, Z. (2021). Do specialist funds outperform? Evidence from European non-listed real estate funds. Research in International Business and Finance.
Ambrose, B.W., Fuerst, F., Mansley, N., Wang, Z. (2019). Size effects and economies of scale in European real estate companies. Global Finance Journal.
Reichardt, A., Fuerst, F., Rottke, N.B., Zietz, J. (2012). Sustainable building certification and the rent premium: A panel data approach. Journal of Real Estate Research.

Climate Risk & Property

Blok, F.J., Fuerst, F. (2025). Multiple hazards and residential rents in Switzerland: Who pays the price of extreme natural events? Ecological Economics.
Fuerst, F., Warren-Myers, G. (2021). Pricing Climate Risk: Are Flooding and Sea Level Rise Capitalised in Australian Residential Property? Climate Risk Management.
Warren-Myers, G., Aschwanden, G., Fuerst, F., Krause, A. (2018). Estimating the potential risks of sea level rise for public and private property ownership. Risks.

Urban Mobility

Li, Q., Zhang, E., Luca, D., Fuerst, F. (2024). The travel pattern difference in dockless micro-mobility: Shared e-bikes versus shared bikes. Transportation Research Part D.
Li, Q., Fuerst, F., Luca, D. (2023). Do shared E-bikes reduce urban carbon emissions? Journal of Transport Geography.
Li, Q., Luca, D., Fuerst, F., Wei, Z. (2024). Success in tandem? The impact of the introduction of e-bike sharing on bike sharing usage. Research in Transportation Economics.

Behavioral Economics

Busic-Sontic, A., Czap, N.V., Fuerst, F. (2017). The role of personality traits in green decision-making. Journal of Economic Psychology.
Busic-Sontic, A., Fuerst, F. (2018). Does your personality shape your reaction to your neighbours' behaviour? A spatial study of the diffusion of solar panels. Energy and Buildings.
Fuerst, F., Singh, R. (2018). How present bias forestalls energy efficiency upgrades: A study of household appliance purchases in India. Journal of Cleaner Production.

View complete publication list

05 Teaching & Supervision

Current Teaching

Professor Fuerst teaches advanced courses in real estate finance, investment analysis, and sustainable development at the University of Cambridge. His teaching philosophy emphasizes the integration of theoretical frameworks with practical market applications.

PhD Supervision

As a dedicated mentor, Professor Fuerst supervises doctoral students researching various aspects of real estate economics, sustainable finance, and urban development. His students have gone on to successful careers in academia and industry worldwide.

Executive Education

Regular contributor to executive education programs for real estate professionals, focusing on ESG integration, climate risk assessment, and investment strategy in changing markets.

Research Supervision Areas

Sustainable Real Estate Investment

Climate Risk and Property Markets

Urban Economics and Spatial Analysis

Real Estate Finance and Capital Markets

PropTech and Innovation

Behavioral Real Estate Economics

06 Contact

Email

ff274@cam.ac.uk

Address

Department of Land Economy
University of Cambridge
19 Silver Street
Cambridge CB3 9EP, UK