If You Promise to Build It, Will They Come? The Interaction between Local Economic Development Policy and the Real Estate Market: Evidence from Tax Increment Finance Districts

2009 ◽  
Vol 37 (2) ◽  
pp. 209-234 ◽  
Author(s):  
Brent C. Smith
Author(s):  
Seyit Ali Erdogan ◽  
Andrej Naumčik

Investment in real estate is a zoning issue as the real estate market is closely related to economic development and trends in real estate market are considered to be indicators of trends in the whole economy of the country. The goal of this paper is to analyse the main aspects and considerations when investing in real estate, evaluate investment in real estate situation in different EU and non-EU countries and introduce MCDM methods that could be used for selecting a state for investment in real estate. It is identified that when investing in real estate various political, social, economic, environmental and other factors have to be taken into consideration. Analysed examples of EU (Lithuania, Romania, UK) and non-EU (Turkey, China, Russia) countries show different risks and opportunities for investments in real estate. MCDM methods are applicable to evaluate which countries are most attractive for investment in real estate. Described TOPSIS and ARAS methods could be used for assessing states as alternatives when selecting where to invest


Author(s):  
E.Sh. Akimovа ◽  
M.V. Voitseshuk

The article considers the spatial and economic development of real estate and the influence of the location factor on the market value of real estate objects, as well as the degree of application of averaged adjustments for the location factor to the real estate market in Simferopol.


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