Abstract
The purpose of this paper is to examine the impact of real estate transparency (RET) on foreign real estate investments (FREI). Most of the previous studies have argued that the free flow of information and the fair and consistent application of local property laws could attract greater amounts of FREI. Using observations from 32 countries covering 2004, 2006, 2008 and 2010 and applying fixed-effect and the generalized method of moments (GMM) techniques, our empirical results reveal that RET is not a major determinant of FREI. However, we find that the effect of RET on FREI is dependent on its interaction with the level of income implying that the higher the level of income in the host country, the higher the effect of RET on FREI. Finally, the results show that foreign direct investment (FDI) in other sector, market size and property prices are important determinants of FREI.
| Original language | English |
|---|---|
| Pages (from-to) | 317-331 |
| Number of pages | 15 |
| Journal | International Journal of Strategic Property Management |
| Volume | 18 |
| Issue number | 4 |
| DOIs | |
| Publication status | Published - 2014 |
Open Access - Access Right Statement
© 2014. This work is published under http://creativecommons.org/licenses/by/4.0/ (the “License”). Notwithstanding the ProQuest Terms and Conditions, you may use this content in accordance with the terms of the License. (https://creativecommons.org/licenses/by/4.0/)Keywords
- income
- investments, foreign
- real property