Previous studies of "herding" are largely concentrated in the stock market and have shown contradictory results depending to a great extent on the adopted estimation model. It is important therefore to examine herding behaviour in different asset markets using a number of models. This study therefore contributes to the literature on "herding" by studying the propensity for investors in the UK private real estate market to exhibit herding behaviour using monthly data over the period 1987-2014 using a number of model specifications.