By jb-pleynet on Skatehive
Do Real-World Assets Create Real-World Markets? A real(T) case analysis Jean-Baptiste Pleynet Nathaniel Pleynet Introduction Illiquid, non-fungible assets like real estate rely on periodic valuations to anchor prices. Between updates, the market must set prices based on expectations rather than fresh appraisals. In this article we test whether valuation age—the time since a property’s last valuation—shows up in YAM trades. Do price premiums drift upward as the last valuation gets older, and do net yields compress as a result? This follows last week’s note on how pricing relates to time-to-execution; here we focus on how time since valuation relates to the prices investors actually pay. RealT’s approach RealT does not publish a fixed calendar for property revaluations. Updates are made as needed (e.g., market moves, tax reassessments) and communicated when effective via email, Community Calls, and platform updates. A revaluation does not change scheduled rents; it changes the reference