Academic profile


Daniel Ruf is Assistant Professor of Real Estate Economics and Finance at the Department of Land Economy, University of Cambridge. His research focuses on real estate finance, commercial real estate, and spatial econometrics.


Before joining the Department of Land Economy in October 2023, Daniel Ruf was Assistant Professor of Real Estate Finance at the Goethe University Frankfurt in Germany. He received his PhD in Finance and Economics from the University of St.Gallen, Switzerland.


He has published several research articles in academic journals, such as Real Estate Economics and the Journal of Banking and Finance. For his research, he received financial support from the prestigious Real Estate Research Institute (RERI) and the German Research Foundation (DFG).






Paper 15: Advanced Techniques in Finance and Investment for Real Estate



Research interests


His primary research interests are in the field of real estate finance, focusing on housing as a financial asset class, commercial real estate, the interconnectedness of real estate markets, and spatial econometrics.




Lotz, M., Ruf, D., and J. Strobel (2023): “Uncertainty Premia in REIT Returns”, Real Estate Economics 51(2):372-407.


Füss, R. and D. Ruf (2022): “Information Precision and Return Co-Movements in Private Commercial Real Estate Markets”, Journal of Banking and Finance, 138.


Füss, R. and D. Ruf (2022): “Bank Systemic Risk Exposure and Office Market Interconnectedness”, Journal of Banking and Finance, 133.





Real Estate Finance, Commercial Real Estate, Housing Markets, Spatial Econometrics