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Comparative analysis of market performance in European cities

Alistair Adair (Professor of Real Estate Investment and Head of the School of the Built Environment, University of Ulster, Newtownabbey, Northern Ireland, UK)
Jim Berry (Lecturer in Planning, Development and Property Development, University of Ulster, Newtownabbey, Northern Ireland, UK)
Stanley McGreal (Director of the Centre for Research on Property and Planning, University of Ulster, Newtownabbey, Northern Ireland, UK)

Journal of Property Valuation and Investment

ISSN: 0960-2712

Article publication date: 1 October 1997

Abstract

Examines diversification focusing on international and cross‐border investment. Extends the concept of regional diversification to European planning regions and discusses the potential implications of a “Europe of the regions” on property investment. Uses cross‐sectional analysis to identify the criteria influencing property investment performance across a number of European cities. Model outcomes indicate the importance of local factors in particular market size. Also provides, in this analysis support to the hypothesis concerning linkages between real estate returns, GDP and employment characteristics.

Keywords

Citation

Adair, A., Berry, J. and McGreal, S. (1997), "Comparative analysis of market performance in European cities", Journal of Property Valuation and Investment, Vol. 15 No. 4, pp. 323-335. https://doi.org/10.1108/14635789710181469

Publisher

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MCB UP Ltd

Copyright © 1997, MCB UP Limited