Online from: 1983
Subject Area: Built Environment
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|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.|
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.
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