In the UK, around 55% of householdsí net worth is in housing. More than 70% of households in the UK own a house and holding such a large amount of undiversified real asset poses risk. It is not always that a house would appreciate in value, though a housing investment has been recognised as a...

This book examines the financing of real estate investment and development within the context of an increasingly integrated international world economy and financial system. The approach shows how real estate financial structures influence general economic development. It also integrates...