International Real Estate: An Institutional Approach

The needs of today's international business community is placing increasing pressure on its advisors to take a global approach. Traditional training of property professionals is strongly based on a single sovereignty and practitioners themselves prefer to focus their advice on markets with which they are familiar. However, as the demand from international clients increases, this narrow, single-country approach is no longer adequate.

By focussing on understanding transactions and how they form the basis of specific real estate projects in any sovereignty, "International Real Estate: an institutional approach" presents a way of looking at real estate investment and development which is more relevant to the challenges of international practice.

The book is structured in three parts: Part 1 introduces the transaction-based approach; Part 2 addresses contextual issues relating to city planning and large-scale project analysis; and Part 3 presents individual perspectives from six authors from real estate markets in the United States, Canada, the United Kingdom, Japan and China.

The book shows how the institutional features of real estate determine the manner in which it is integrated into market economies that vary in form from sovereignty to sovereignty by:

- focusing on transactions as the primary building block of real estate investment, development and management.

- identifying institutional complexity as the key factor in achieving commercial success in international real estate.

- introducing a new decision-making template for mapping and navigating institutional complexity.giving practical examples that illustratehow this template can be used to unravel different aspects of international real estate including real estate markets.