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An international overview of real estate markets
| Content Provider | Scilit |
|---|---|
| Author | D’Arcy, Éamonn Goodchild, Robin |
| Copyright Year | 2018 |
| Description | Real estate has become a global asset class only relatively recently. The development of the industry is described elsewhere but the global element began to emerge from 1980 when Middle Eastern and Japanese institutions started investing in UK and US property; this accelerated during the 1990s with the arrival of the German open-ended funds followed by principally US investment managers offering closed-end funds for investment around the world.$ ^{1}$ These investors needed to learn how to navigate their way around different real estate markets. While some aspects may have appeared familiar, for example, the same international banks and accountants occupying major central business district offices in different financial centres, alien legal systems and different market practices presented new challenges. This chapter provides an overview of the challenges that real estate investors face when they move outside the domestic market within which their knowledge and experience has been learnt. In particular, the analysis seeks to distinguish between the learning that can be applied without adjustment, because markets do work similarly, and the elements that an investor should expect to be different. Predictably, there is much more focus on the latter. Book Name: Routledge Companion to Real Estate Investment |
| Related Links | https://content.taylorfrancis.com/books/download?dac=C2013-0-21108-X&isbn=9781315775579&doi=10.1201/9781315775579-2&format=pdf |
| Ending Page | 42 |
| Page Count | 32 |
| Starting Page | 11 |
| DOI | 10.1201/9781315775579-2 |
| Language | English |
| Publisher | Informa UK Limited |
| Publisher Date | 2018-12-07 |
| Access Restriction | Open |
| Subject Keyword | Book Name: Routledge Companion To Real Estate Investment Elements Overview Investors Real Estate Markets Ended Funds |
| Content Type | Text |
| Resource Type | Chapter |