Reviews the revolution in property finance, with evaluations and commentaries on the history of change, the modern ways of financing property and the consequences in the redistribution of risk and opportunity. Considers the changing relationships between property and finance and their effect on the distribution of risks and opportunities. Concludes that the globilization of finance capital and the development of innovative financial instruments in the 1980s have together changed the incidence of risk and return in the financing of property.
Pugh, C. (1991), "The Globalisation of Finance Capital and the Changing Relationships Between Property and Finance – 1", Journal of Property Finance, Vol. 2 No. 2. https://doi.org/10.1108/09588689110033027
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