Selection of the organisation mode for international property investments

Heidi Falkenbach

doi:10.1108/02637471011037134

Login

Welcome:
Guest

Search for:

Browse:

Product Information:

Resources:

Property Management

ISSN: 0263-7472

Online from: 1983

Subject Area: Built Environment

Content: Latest Issue | Latest Issue RSS | Previous Issues

Options: To add Favourites and Table of Contents Alerts please take a Emerald profile

Selection of the organisation mode for international property investments

Document Information:
Title:	Selection of the organisation mode for international property investments
Author(s):	Heidi Falkenbach, (Helsinki University of Technology, Real Estate Research Group, Helsinki, Finland)
Citation:	Heidi Falkenbach, (2010) "Selection of the organisation mode for international property investments", Property Management, Vol. 28 Iss: 2, pp.122 - 130
Keywords:	Finland, International investments, Investments, Property, Property management
Article type:	Research paper
DOI:	10.1108/02637471011037134 (Permanent URL)
Publisher:	Emerald Group Publishing Limited
Acknowledgements:	The author wishes to acknowledge the Academy of Finland (project 122525) and Tekes – the National Technology Agency of Finland (project>40079/06) for the financial support.
Abstract:	Purpose – This paper aims to identify different organisation modes for international property investments and analyse the rationales for selecting each mode. Design/methodology/approach – The paper reports the findings of an interview study conducted among international investors in the Finnish property market. Findings – The study identifies four main organisation modes for international property investments, the selection of each mode being dependent of the investors' perception of the informational barriers and local nature of the property market. Most of the interviewed investors also apply the same strategy in other markets they invest in, and thus the selection of the organisation mode seems not to be very dependent on the characteristics of the investment market. Research limitations/implications – The paper analyses the organisation modes and their selection criteria only in the Finnish market. Practical implications – The study indicates that informational barriers are still of major concern for the investors entering foreign markets. Thus, activities contributing to lowering these barriers would be beneficial for those markets wanting to attract international property investments. Originality/value – The study is the first to analyse the organisation modes of international property investors.