The Internationalisation of Property Investment

Colin A. Jones () and Edward Trevillion ()
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Colin A. Jones: Heriot-Watt University
Edward Trevillion: Heriot-Watt University

Chapter Chapter 9 in Real Estate Investment, 2022, pp 177-220 from Springer

Abstract: Abstract The globalisation of financial and property markets really only developed towards the end of the twentieth century and was driven by socio, economic and political changes worldwide. This chapter aims to provide an analysis of this internationalisation process. It undertakes an in-depth analysis of investment issues relating to the ownership, management, valuation, development and acquisition of property in international real estate markets. Specifically, it includes: an examination of international property investment markets and the globalisation processes, and the consequences. It also encompasses an analysis of the economic drivers of international property cycles, a discussion of market maturity and market transparency and an outline of the practical aspects of owning and trading in international properties. In doing so it includes a brief look at the variations in lease structures and valuation methodology. As part of the discussion of market maturity, the chapter finishes with a number of case studies to analyse some emerging markets in Eastern Europe and Asia and separately to examine the characteristics of global cities. It also undertakes a separate case study relating to BREXIT in the context of the impact of political risk and nationalism.

Keywords: Globalisation; Market segmentation; Market integration; Barriers to overseas investment; Global real estate investment; Internationalisation of real estate cycles; Market maturity; Property related practices; Political impacts (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-00968-6_9

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DOI: 10.1007/978-3-031-00968-6_9

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