International Real Estate

Real estate activity across national boundaries (investment,
development and asset management) is firmly established as a major
component of global economic activity. International Real
Estate provides the understanding of real estate strategies and
transactions that cross national boundaries. International
organizations lament the narrow perspective of professionals in the
real estate field, which stems from training that takes a parochial
rather than international view of the practices and processes of
real estate markets.

This book takes an explicitly international perspective to the
decision-making process leading to final 'accept' or 'reject'
investment decisions. It will be the first to adopt an
institutional approach that directly addresses the problems of how
to identify and avoid the main pitfalls of cross-border investment
in real estate. The key to understanding international real estate
comes from understanding the impact on investment and management
decisions of differences in the formal and informal 'rules of the
game'. The authors define the key feature of international real
estate as the institutions that frame, facilitate or impede
investment in land and buildings across national boundaries.