Real Estate and GlobalisationeBook - 2012
All the briefings are based on research conducted by asophisticated in-house research team with expertise inmacroeconomics, urban economics, financial economics andeconometrics, led by a well- known specialist in the field. Thetopics highlight the relationship between real estate markets andglobal economic and political events - an area not wellcovered by academic journals.
A compelling introduction considers the dramatic boom and slumpin real estate values that led up to the Great Financial Crisis.The briefings are then presented, grouped into broad themes: macroeconomics and real estate; GDP, recessions and inflation; REITs;construction; Asia; retail, offices and housing markets; theformation of investment yields. A final chapter considers themedium-term future for real estate in the context of the ongoingfinancial crisis.
Topics span the key sectors of office, retail and residentialreal estate in over 40 countries, with a focus on private sectorinvestment, development and management. The perspective is longterm, reflecting Grosvenor's unique position in real estate as aprivately owned group.
The author provides a commentary on each topic, giving contextto the research and the implications for strategy, drawing out twounifying themes: the effect of globalisation; and the importance ofmacro economics and geo-politics in real estate research.
Together, the briefings offer a penetrating analysis of realestate markets in the era of globalisation and financial crises.The era of crises is far from over, and Real Estate andGlobalisation provides invaluable insights for propertyprofessionals worldwide - developers, occupiers, investmentanalysts and planners - on the nature of the processes thatcreate such intense property market volatility. The book is also aunique source of guidance on practical property research for finalyear undergraduates and postgraduates on property courses, as wellin geography, planning, architecture, and construction.