The significance of development sites in global real estate transactions

Graeme Newell, Stanley McGreal

Research output: Contribution to journalArticlepeer-review

10 Citations (Scopus)

Abstract

This paper examines the significant contribution that development sites make to total real estate transaction activity at a global, regional and country-specific level over 2007–2014. By assessing over 216,000 major real estate transactions worth in excess of $6.35 trillion, development sites are shown to account for over $2.0 trillion or 31.6% of global real estate transaction activity. Regional and country differences are highlighted, particularly in the Asia-Pacific emerging real estate markets, with the significance of development sites in China specifically highlighted. The analysis shows that China accounted for $1.6 trillion in development site transactions or 80% of development site transaction activity globally over 2007–2014, with development sites in China being a key catalyst to providing the urban infrastructure and fabric for China's future economic growth.
Original languageEnglish
Pages (from-to)117-124
Number of pages8
JournalHabitat International
Volume66
DOIs
Publication statusPublished - 2017

Keywords

  • China
  • real estate business
  • real estate development
  • real property
  • sustainable development

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