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Paper eres2005_102:
The REIT Appetite for Residential Investments

id eres2005_102
authors Almond, Nigel
year 2005
title The REIT Appetite for Residential Investments
source Book of Abstracts: 2005 European Real Estate Society conference in association with the International Real Estate Society
summary One of the recommendations from the Barker Review into the supply of housing in the UK has been to promote the use of greater institutional investment in the residential market as a means of not only increasing and improving the supply of property, but also to increase flexibility in the housing market through increasing supply in the private rented sector. The subsequent Government consultation paper on the creation of REITs in the UK made specific mention of residential as a segment of the market which could potentially benefit from such a structure. REITs have emerged across the globe over recent years as a means of increasing investment and liquidity into property markets. While they predominantly invest in commercial property, there are also examples of vehicles investing in the residential sector, with the US a prime example of how successful these vehicles can be for the market. Based on a detailed analysis of markets elsewhere, the paper considers the prospects for the creation of residential REITs in the UK. The paper will review the structure of markets, and in particular undertake a more detailed analysis of the US market as a means of understanding the performance of the sector. Based on this analysis and comparisons with the UK market, and the prospects for alternative investor routes, the paper will assess the likely success of a residential focussed REIT in the UK.
series ERES:conference
type normal paper
discussion No discussions. Post discussion ...
ratings Ratings: 3
session Session A1
last changed 2008/11/01 09:47
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