Real estate finance in the new economy / / Piyush Tiwari, Michael White ; cover design by Garth Stewart
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| Autore: |
Tiwari Piyush
|
| Titolo: |
Real estate finance in the new economy / / Piyush Tiwari, Michael White ; cover design by Garth Stewart
|
| Pubblicazione: | Chichester, [England] : , : Wiley-Blackwell, , 2014 |
| ©2014 | |
| Descrizione fisica: | 1 online resource (287 p.) |
| Disciplina: | 332.63/24 |
| Soggetto topico: | Real estate investment |
| Altri autori: |
WhiteMichael <1965->
StewartGarth
|
| Note generali: | Description based upon print version of record. |
| Nota di bibliografia: | Includes bibliographical references at the end of each chapters and index. |
| Nota di contenuto: | Real Estate Finance in the New Economy; Copyright; Contents; Preface; Acknowledgements; 1 International Economic Developments since the 1970's; Introduction; International trade theories: Setting the scene; International goods and capital flows; Reasons for trade; Theoretical models of trade; The theory of comparative advantage; The Heckscher-Ohlin trade model; The inter-temporal trade model; International trade in capital and the role of international capital markets; The Dunning eclectic paradigm; Porter's model of competitive advantage of nations; Trading blocs and globalisation |
| Conclusions Notes; References; 2 International Real Estate Markets: Evolution; Introduction; Size of property market; User market; Investment market; Investor profile; Development; Financing of property; International real estate activity and trade models; Conclusions; Note; References; 3 Financial Systems, Flow of Funds to Property and Innovations; Introduction; Bank-based and market-based financial systems; Property investors and intermediaries; Investment mechanisms; Private investment mechanisms; Public investment mechanisms; Other mechanisms; Innovations | |
| Economic assessment of investment mechanisms Lease financing; Asset-backed securities; Mortgage-backed securitisation; REITs; Impact of new investment mechanisms on business culture and practices; Arms length (market) versus relationship (bank based); Conclusions; References; 4 Property Investors, Investment Vehicles and Strategies; Size of property; Investment and investors; Property in investment portfolio; Investment strategies; Core; Opportunistic; Value added; The listed property sector; Property investment and leverage; Conclusions; Appendix 4.1; References | |
| 5 Financial Markets, the New Economy and the Risk Introduction; Value determinants of real estate in the twenty-first century; Economic globalisation; Sustainability; Innovation and preferences; Theorising real estate linkages in the new economy; Financing of real estate in new economy; Leverage and risks; Conclusions; References; 6 Real Estate Asset Bubbles; An introduction to cycles in real estate; Cycles in the use market; Cycles in investment market; Cycles in development market; Expectations and bubbles; Formation of real estate bubbles and its detection | |
| Key patterns of past real estate bubbles Asian financial crisis; The U.S . subprime mortgage crisis and the financial crisis of 2008; Explanations in the literature, new economy and role of credit; Conclusions; References; 7 International Capital Flows in Property: Portfolio Diversification or Return Chasing; Introduction; Theoretical considerations in portfolio investment; Direct property in multi-asset portfolios; Direct property in property-only portfolios; Indirect property investment in multi-asset portfolios; Indirect real estate investment in real estate-only portfolios | |
| Contradictions in research on diversification benefits from international property investment | |
| Sommario/riassunto: | This book examines the financing of real estate investment and development within the context of an increasingly integrated international world economy and financial system. The approach shows how real estate financial structures influence general economic development. It also integrates discussions on investment products with their impact on the real estate sector, in order to develop an economic framework to promote discussion on individual products and how they relate to the rest of the economy. |
| Titolo autorizzato: | Real estate finance in the new economy |
| ISBN: | 1-118-83663-4 |
| 1-118-83665-0 | |
| 1-118-83662-6 | |
| Formato: | Materiale a stampa  |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione: | Inglese |
| Record Nr.: | 9910818857203321 |
| Lo trovi qui: | Univ. Federico II |
| Opac: | Controlla la disponibilità qui |
Serie:
Real estate issues (Oxford, England)