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The Effects of Transaction Costs, Landlord and Tenant Practices and Property Rights on Foreign Real Estate Investment

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  • Hassan Gholipour Fereidouni
  • Usama Al-mulali
  • Miswan Abdul Hakim Bin Mohammed

Abstract

The purpose of this article is to examine the relationships between real estate market factors (transaction costs, landlord and tenant practices and property rights) and foreign real estate investments (FREI) after controlling for other relevant determinants of FREI. This article uses related observations from 38 countries to investigate the relationships between real estate market factors and FREI. Our analysis shows that countries with lower transaction costs and higher level of property rights attract greater amounts of FREI. Furthermore, our empirical results indicate that there is a positive and significant relationship between pro-landlord practices and FREI. JEL Classification: R3, D23, P26

Suggested Citation

  • Hassan Gholipour Fereidouni & Usama Al-mulali & Miswan Abdul Hakim Bin Mohammed, 2013. "The Effects of Transaction Costs, Landlord and Tenant Practices and Property Rights on Foreign Real Estate Investment," Margin: The Journal of Applied Economic Research, National Council of Applied Economic Research, vol. 7(3), pages 351-370, August.
    • Handle: RePEc:sae:mareco:v:7:y:2013:i:3:p:351-370
    DOI: 10.1177/0973801013491532
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    References listed on IDEAS

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    More about this item

    Keywords

    Foreign Real Estate Investments; Transaction Costs; Landlord and Tenant Practices; Property Rights;
    All these keywords.

    JEL classification:

    • R3 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location
    • D23 - Microeconomics - - Production and Organizations - - - Organizational Behavior; Transaction Costs; Property Rights
    • P26 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Property Rights

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