IDEAS home Printed from https://ideas.repec.org/p/arz/wpaper/eres2016_253.html
   My bibliography  Save this paper

Polish real property funds’ investment results – an attempt of evaluation

Author

Listed:
  • Rafal Wolski
  • Magdalena Zaleczna

Abstract

Real estate investment means not only direct purchase of rights to real property but also investing in securities issued by real property investment funds. There are various legal and organizational forms of these actors, Real Estate Investment Trust – US type is dominant but there are often national forms what enriches instruments of real property markets. Investment results indicate that direct and indirect types of investment are not identical, although they have roots in the same real property markets. The differences have been repeatedly investigated in relation to different markets and time periods. This research problem inspired the authors to trace the results of Polish real property investment funds and direct real estate investments. The analysis showed a very big difference – investors of real property funds suffered significant losses and results of direct real property investment were positive. The aim of the authors was to examine the difference between these results and search for their causes. They used method of economic analysis and examined the text of legal regulation.

Suggested Citation

  • Rafal Wolski & Magdalena Zaleczna, 2016. "Polish real property funds’ investment results – an attempt of evaluation," ERES eres2016_253, European Real Estate Society (ERES).
    • Handle: RePEc:arz:wpaper:eres2016_253
    as

    Download full text from publisher

    File URL: https://eres.architexturez.net/doc/oai-eres-id-eres2016-253
    Download Restriction: no
    ---><---

    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:eres2016_253. 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.