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Article Dans Une Revue Journal of Real Estate Finance and Economics Année : 2014

The Determinants of International Commercial Real Estate Investment

Karsten Lieser
  • Fonction : Auteur

Résumé

We examine the determinants of international commercial real estate investment using a unique set of panel data series for 47 countries worldwide, covering the period from 2000 to 2009. We explore how different socio-economic, demographic and institutional characteristics affect commercial real estate investment activity by determining both cross-sectional and time-series estimators, running augmented random effect panel regressions. We provide evidence that economic growth, rapid urbanization and compelling demographics attract real estate investment, and also demonstrate that a lack of transparency in the legal framework, administrative burdens of doing real estate business, socio-cultural challenges and political instabilities reduce international real estate allocations.
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Dates et versions

hal-02313080 , version 1 (18-03-2020)

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  • HAL Id : hal-02313080 , version 1

Citer

Alexander Groh, Karsten Lieser. The Determinants of International Commercial Real Estate Investment. Journal of Real Estate Finance and Economics, 2014, 48 (4), pp.611-659 P. ⟨hal-02313080⟩

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