REAL ESTATE INVESTMENT IN BRITISH PROVINCIAL CITIES: TOO MUCH OR TOO LITTLE?
It has been argued that investors overlook investment opportunities in the real estate markets of the UK outside London. This paper examines the fundamentals of real estate markets in British provincial cities. It analyses the diversification potential for investing and differences in expected returns. It begins by presenting an analysis of the key economic drivers across provincial cities in comparison with London, the South East and the UK as a whole. This is followed by an analysis of total return and rental growth in individual cities. The paper then presents a correlation analysis of total returns and rental growth between the cities. This provides evidence of association between the patterns of returns and rental growth and indicates where there is statistically significant association between patterns of returns and rental growth across sectors and cities. Direction of causality is tested. The paper then proceeds to examine what investment patterns should be given market fundamentals compared to actual investment patterns and provides evidence of under or over investment.
Year of publication: |
2010
|
---|---|
Authors: | White, Michael ; Dunse, Neil ; Jones, Colin |
Institutions: | European Real Estate Society - ERES |
Saved in:
freely available
Extent: | text/html |
---|---|
Series: | ERES. |
Type of publication: | Book / Working Paper |
Source: |
Persistent link: https://www.econbiz.de/10010834910
Saved in favorites
Similar items by person
-
Property Booms and Busts: Cycles or Bubbles
Dunse, Neil, (2009)
-
STICKINESS OR INSTABILITY: SPATIAL VARIATIONS IN THE EFFICIENCY OF THE PROPERTY MARKET
Dunse, Neil, (2008)
-
The valuation of an airport: Is a cost basis appropriate?
Jones, Colin, (2014)
- More ...