The Finnish commercial property market internationalised rapidly in the beginning of the 21^st century. According to the portfolio theory and previous research on international property investments, the main motivation factor driving international real estate investments is the possibility to...

The Finnish commercial property market internationalised rapidly in the beginning of the 21st century. According to the portfolio theory and previous research on international property investments, the main motivation factor driving international real estate investments is the possibility to...

Pension funds aim to hold assets that match their future liabilities. For this purpose, there is a growing interest in multi-family properties as their returns should be positively related to wage growth and hence pension liabilities. Using data for Sweden over 145 years, we investigate the role...