IDEAS home Printed from https://ideas.repec.org/a/taf/intjhp/v7y2007i4p383-400.html
   My bibliography  Save this article

Private Investment in Rented Housing and the Role of REITS

Author

Listed:
  • Colin Jones

Abstract

Real Estate Investment Trusts are being introduced throughout the world. This paper examines whether their introduction will promote private investment in rented housing. It draws on the evidence from the USA and Australia where residential REITs have been established successfully and unsuccessfully, respectively. From these experiences, it draws together the necessary conditions in the housing market for residential REITs to prosper. Using these criteria the paper then focuses on the demand and supply conditions in the private rented sector of the UK and assesses the implications. The introduction of residential REITs into the UK and in other countries is shown to face a range of challenges with success not guaranteed. The establishment of residential REITs per se will not necessarily generate a substantive expansion of the private rented sector at least in the short term. Enabling the conversion of the large housing associations to REITs in the UK arguably provides the most likely route for the long-term growth of the private rented sector by this means. The blurring of the distinction between private and social landlords in turn raises some fundamental policy questions about the goals of such institutions.

Suggested Citation

  • Colin Jones, 2007. "Private Investment in Rented Housing and the Role of REITS," International Journal of Housing Policy, Taylor & Francis Journals, vol. 7(4), pages 383-400.
  • Handle: RePEc:taf:intjhp:v:7:y:2007:i:4:p:383-400 DOI: 10.1080/14616710701650427
    as

    Download full text from publisher

    File URL: http://www.informaworld.com/openurl?genre=article&doi=10.1080/14616710701650427&magic=repec&7C&7C8674ECAB8BB840C6AD35DC6213A474B5
    Download Restriction: Access to full text is restricted to subscribers.

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Karl E. Case & Robert J. Shiller, 1988. "The behavior of home buyers in boom and post-boom markets," New England Economic Review, Federal Reserve Bank of Boston, issue Nov, pages 29-46.
    2. Trevor Fitzpatrick & Kieran Mcquinn, 2007. "House Prices And Mortgage Credit: Empirical Evidence For Ireland," Manchester School, University of Manchester, vol. 75(1), pages 82-103, January.
    3. Irene de Greef & Ralph de Haas, 2002. "Housing Prices, Bank Lending, and Monetary Policy," Macroeconomics 0209010, EconWPA.
    4. Martins, Nuno C. & Villanueva, Ernesto, 2006. "The impact of mortgage interest-rate subsidies on household borrowing," Journal of Public Economics, Elsevier, vol. 90(8-9), pages 1601-1623, September.
    Full references (including those not matched with items on IDEAS)

    Citations

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


    Cited by:

    1. Yelin Xu & Yi Peng & Queena K. Qian & Albert P. C. Chan, 2015. "An Alternative Model to Determine the Financing Structure of PPP-Based Young Graduate Apartments in China: A Case Study of Hangzhou," Sustainability, MDPI, Open Access Journal, vol. 7(5), pages 1-15, May.
    2. Natacha Aveline-Dubach, 2014. "New Patterns of Property Investment in " Post-Bubble " Tokyo
      [Les nouvelles formes de l'investissement immobilier dans l'après-bulle à Tokyo]
      ," Post-Print halshs-01242564, HAL.

    More about this item

    Keywords

    REITs; Australia; USA; investment; private renting;

    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:taf:intjhp:v:7:y:2007:i:4:p:383-400. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Chris Longhurst). General contact details of provider: http://www.tandfonline.com/REUJ20 .

    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 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.

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

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.