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Autor
Wolski Rafał (University of Lodz, Poland), Załęczna Magdalena (University of Lodz, Poland)
Tytuł
The Atracttiveness of Real Estate Investment in Polish Conditions
Źródło
Real Estate Management and Valuation, 2013, vol. 21, iss. 3, s. 62-70, tab., bibliogr. 15 poz.
Słowa kluczowe
Nieruchomości, Inwestycje w nieruchomości, Portfel inwestycyjny
Real estate, Investments in real estate, Investment portfolio
Uwagi
summ.
Abstrakt
Traditionally, it is believed that real estate can be an important component of an investment portfolio as it reduces risk due to the diversification potential coming from its low/negative correlation with stocks and bonds. However, contemporary development in the form of the invention and introduction of more sophisticated financial instruments is blurring the boundaries between the existing asset classes. The appearance of these new forms of investments is the result of competition for global capital inflows. Investors concentrate on those forms of investments that are attractive in terms of the variety of offered instruments and the results achieved by them. The aim of the article is to evaluate the variety of instruments enabling investments on the Polish property market and their competitiveness in relation to classical forms of investment.(original abstract)
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Bibliografia
Pokaż
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  3. BRUEGGEMAN W., FISHER J., 1997, Real estate finance and investments, Irwin, Chicago.
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  10. HEANEY R., SRIANANTHAKUMAR S. 2012, Time-varying correlation between stock market returns and real estate returns. Journal Of Empirical Finance, 19(4), 583-594.
  11. LEE S., STEVENSON S., 2005, The Case for REITs in the Mixed-Asset Portfolio in the Short and Long Run, Journal of Real Estate Portfolio Management, 11, 55-80.
  12. LIESER K., GROH A.P., 2011, The Attractiveness of 66 Countries for Institutional Real Estate Investments: A Composite Index Approach, Journal of Real Estate Portfolio Management, vol. 17 (3), 191-211.
  13. LIN Z., VANDELL K. D., 2007, Illiquidity and Pricing Biases in the Real Estate Market, Real Estate Economics, vol. 35, 291-330.
  14. PAI A., GELTNER D., 2007, Stocks are from Mars and real estate is from Venus, The Journal of Portfolio Management, vol. 33 (5), 134-144.
  15. ZALECZNA M., 2010, Instytucjonalne uwarunkowania rozwoju rynku nieruchomości w Polsce na tle doświadczeń państw zachodnich, Wyd. UŁ, Łódź.
Cytowane przez
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ISSN
2300-5289
Język
eng
URI / DOI
http://dx.doi.org/10.2478/remav-2013-0027
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