Real estate investment : theory and practice / Colin A. Jones, Edward Trevillion.
Jones, Colin A. author.; Trevillion, Edward, author.
2022
HD1382.5
Available Online

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Title Real estate investment : theory and practice / Colin A. Jones, Edward Trevillion.
Author Jones, Colin A. author.
ISBN 9783031009686 (electronic bk.)
3031009681 (electronic bk.)
9783031009679
DOI https://doi.org/10.1007/978-3-031-00968-6
Published Cham : Palgrave Macmillan, 2022.
Language English
Description 1 online resource (xviii, 317 pages) : illustrations (some color)
Item Number 10.1007/978-3-031-00968-6 doi
Call Number HD1382.5
Dewey Decimal Classification 332.63/24
Summary This textbook, aimed at undergraduate and postgraduate real estate programmes, provides an overview of real estate investment and pricing in a global context with special attention to the diversification of asset types in three parts. Designed as a successor to Will Fraser's successful student-led investment book, Principles of Property Investment and Pricing, it encompasses the microeconomics of real estate markets and context alongside pricing failures of real estate highlighted by the impact of the global financial crisis, especially with regard to irrationality and risk. Part 1 focuses on the microeconomics of the real estate sector, covering the complex nature of real estate and the consequences for economic analysis and the operation of the market, the underlying essential processes and principles of real estate investment decision making, including a pricing model, and the significance of real estate cycles and why they occur. Part 2 begins with the characteristics of real estate as an investment, differentiated between direct and indirect investment, and making comparisons with alternative stock market assets, then examines real estate investors and their objectives, including financial institutions, REITs and other indirect vehicles. Additionally, it sets out the frameworks within which real estate investment decisions are made in relation to other investments and focuses on decision-making processes and the practicalities of performance measurement. Emerging real estate debates are discussed in Part 3. These chapters are primarily forward-looking to the implications and challenges for real estate investment, including the consequences of recent aspects of regulation, changes to occupier demand, partly driven by technology but also sustainability pressures, the logic and difficulties of international investment, with a particular focus on emerging markets. Colin Jones is an economist who has been a professor at Heriot-Watt University since 1998. He formerly worked at the Universities of Manchester, Glasgow and the West of Scotland. His research interests span commercial, industrial and housing market economics, investment and policy together with the macroeconomy and local economic development. He has also taken an interest in the property markets of developing countries. Colin has a long experience of teaching real estate investment at undergraduate and postgraduate levels, and formerly designed and been director of the Heriot-Watt real estate postgraduate programmes. Edward Trevillion is Honorary Professor of Real Estate Investment and Finance at Heriot-Watt University in Edinburgh. He has had wide experience of both academic and market-based research and has held posts as Head of Real Estate Research and Strategy at Scottish Widows Investment Partnership (SWIP, now part of abdrn, formerly Standard Life Aberdeen plc) and Head of Property Research for GVA in Scotland. He is particularly interested in developing adaptive models that take account of changing property market structures. Until recently he was course leader for Heriot-Watt's Real Estate Investment Analysis course -- part of the Master's real estate programme.
Bibliography, etc. Note Includes bibliographical references and index.
Access Note Access limited to authorized users.
Source of Description Online resource; title from PDF title page (SpringerLink, viewed August 23, 2022).
Added Author Trevillion, Edward, author.
Linked Resources Online Access
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PART 1:- The Real Estate Sector
Chapter 1:-Introduction
Chapter 2:-Principles of Investment
Chapter 3:-Macroeconomy and Real Estate Cycles
PART 2:-Real Estate Investment
Chapter 4:-Characteristics of Real Estate Investment
Chapter 5:-Investors
6:-Market Efficiency and Asset Pricing
7:-Portfolio Theory
Chapter 8:-Portfolio Management
Chapter 9:-International Investment
PART 3:-Developing Real Estate Paradigms
Chapter 10:-State Intervention and Implications for Investment
Chapter 11;-Investment Consequences of Changing Occupier Needs and Obsolescence
Chapter 12:-Real Estate Opportunities and Challenges
PART 4:-Final thoughts
Potential dissertation topics. .

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