The Atracttiveness of Real Estate Investment in Polish Conditions

Wolski Rafał () and Załęczna Magdalena ()
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Wolski Rafał: Department of Economics of Industry and Capital Markets Universiy of Lodz
Załęczna Magdalena: Department of Investment and Real Estate University of Lodz

Real Estate Management and Valuation, 2013, vol. 21, issue 3, 62-70

Abstract: Traditionally, it is believed that real estate can be an important component of an investment portfolio as it reduces risk due to the diversification potential coming from its low/negative correlation with stocks and bonds. However, contemporary development in the form of the invention and introduction of more sophisticated financial instruments is blurring the boundaries between the existing asset classes. The appearance of these new forms of investments is the result of competition for global capital inflows. Investors concentrate on those forms of investments that are attractive in terms of the variety of offered instruments and the results achieved by them. The aim of the article is to evaluate the variety of instruments enabling investments on the Polish property market and their competitiveness in relation to classical forms of investment.

Keywords: real estate; investment; portfolio; Poland (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:remava:v:21:y:2013:i:3:p:62-70:n:7

DOI: 10.2478/remav-2013-0027

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