IDEAS home Printed from https://ideas.repec.org/p/arz/wpaper/eres2010_135.html
   My bibliography  Save this paper

The Attractiveness Of 66 Countries For Institutional Real Estate Investments: A Composite Index Approach

Author

Listed:
  • Karsten Lieser
  • Alexander Groh

Abstract

We address the attractiveness of 66 countries worldwide for institutional real estate investments by the construction of a composite index. For the index_ composition we refer to the results of prior research papers that investigate the parameters determining real estate investment activity on an aggregated level. We conceptualise a composite index and receive a global country ranking that correlates reasonably with investment activity running a back-test over six years. We increase the transparency of market variables for decision-making in global asset allocation and provide the key determinants that shape national real estate markets. The results highlight the strengths and weaknesses of developed, transition and emerging economies and provide guidelines for political improvements and for institutional investors_ country allocations. We finally compare the attractiveness of the United Kingdom, Germany and Italy for real estate investing.

Suggested Citation

  • Karsten Lieser & Alexander Groh, 2010. "The Attractiveness Of 66 Countries For Institutional Real Estate Investments: A Composite Index Approach," ERES eres2010_135, European Real Estate Society (ERES).
    • Handle: RePEc:arz:wpaper:eres2010_135
    as

    Download full text from publisher

    File URL: https://eres.architexturez.net/doc/oai-eres-id-eres2010-135
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Lieser, Karsten, 2011. "Pricing of real estate specific market risks for worldwide 66 countries," IESE Research Papers D/940, IESE Business School.

    More about this item

    JEL classification:

    • R3 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:arz:wpaper:eres2010_135. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Architexturez Imprints (email available below). General contact details of provider: https://edirc.repec.org/data/eressea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.