IDEAS home Printed from https://ideas.repec.org/a/vrs/remava/v32y2024i1p71-83n6.html
   My bibliography  Save this article

Financial Efficiency and Investor Behavior on the European Real Estate Market in the Rising Inflation Environment

Author

Listed:
  • Rzeszut Sylwester J.

    (1 Department of Applied Mathematics, Wrocław University of Environmental and Life Sciences, ul. Norwida 25, 50-375 Wrocław, Poland)

  • Kowalski Michał J.

    (2 Faculty of Management, Wrocław University of Science and Technology, ul. wybrzeże Stanisława Wyspiańskiego 27, 50-370 Wrocław, Poland)

  • Kazak Jan K.

    (3 Institute of Spatial Management, Wrocław University of Environmental and Life Sciences, ul. Norwida 25, 50-375 Wrocław, Poland)

Abstract

The pandemic, followed by the Russian aggression against Ukraine, caused rapid changes in the economy. European countries experienced unprecedented price increases, which resulted in a significant increase in the cost of capital. This resulted primarily in limited access to capital and a significant reduction in investments in the real estate market. In addition, investors began to withdraw capital from investments in the real estate market to other assets, encouraged by their rising rates of return. The article presents how the indicated circumstances translated into the financial efficiency of companies from the Real Estate sector. Listed companies of the European Economic Area in the years 2019-2022 were analyzed. Changes in the main accounting measures and market measures for individual countries as well as the characteristics of real estate market participants were analyzed.

Suggested Citation

  • Rzeszut Sylwester J. & Kowalski Michał J. & Kazak Jan K., 2024. "Financial Efficiency and Investor Behavior on the European Real Estate Market in the Rising Inflation Environment," Real Estate Management and Valuation, Sciendo, vol. 32(1), pages 71-83, March.
    • Handle: RePEc:vrs:remava:v:32:y:2024:i:1:p:71-83:n:6
    DOI: 10.2478/remav-2024-0007
    as

    Download full text from publisher

    File URL: https://doi.org/10.2478/remav-2024-0007
    Download Restriction: no
    File URL: https://libkey.io/10.2478/remav-2024-0007?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Keywords

    real estate market; inflation; financial efficiency; investor behavior;
    All these keywords.

    JEL classification:

    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • R39 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Other
    • R53 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Public Facility Location Analysis; Public Investment and Capital Stock

    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:vrs:remava:v:32:y:2024:i:1:p:71-83:n:6. 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: Peter Golla (email available below). General contact details of provider: https://www.sciendo.com .

    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.