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Article: Focus on the economy and real estate: Benefits and issues in global real estate investing: A review of the research
- Article from:
- Journal of Real Estate Portfolio Management
- Article date:
- January 1, 2002
- Author:
CopyrightCopyright American Real Estate Society 2002. Provided by ProQuest LLC. (Hide copyright information)
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INSIDER'S PERSPECTIVE
Over the last two decades deregulation, growth, integration of financial markets, and significant political and economic reforms around the globe have propelled a dramatic increase in international investments. The level of international investment varies, however, significantly across countries. For example in 1993 U.S. pension funds had 4.5% of their assets invested in international equities (Bajtelsmit and Worzala, 1995) while U.K. funds had 25% of their funds in international investments (Sweeney, 1993).
Most international investments have focused on stocks and bonds and to a significantly smaller extent on real estate. Some institutional investors, particularly, ...