Eres : Digital Library : Works

Paper eres2017_349:
Determinants of foreign direct investment inflow in real estate sector

id eres2017_349
authors Li, Rita Yi Man; Beiqi Tang
year 2017
title Determinants of foreign direct investment inflow in real estate sector
source 24th Annual European Real Estate Society Conference in Delft, Netherlands
summary Many of the previous research shows that ups and downs of real estate prices are affected by the foreigners' investments. Some countries such as Australia have implement relevant measures to lower the incentives of foreigners to invest in their housing sector. The objective of this paper is to examine the major determinants of FDI inflow in real estate sector in five countries, i.e. Korea, Japan, Australia, Canada and the UK via Artificial neural networks. It shall investigate the relationship between foreign direct investment inflow in real estate sector, residential property price index, gross domestic product per capita, global house price index growth rate, global housing price index, effective exchange rate, housing price to income index and natural disaster. The results show that there are different determinants in different countries. While global housing price index plays the most important role in foreign direct investment inflow in Korea, Japan and UK, Gross domestic product and house price to income ratio is the most important factor in Canada and Australia respectively.
keywords Foreign Direct Investment Inflow; Artificial Neural Network
series ERES:conference
type paper session
discussion No discussions. Post discussion ...
ratings
session Housing Markets & Economics
last changed 2017/11/18 16:20
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