Property Finance
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Beschreibung
Property Finance is a comprehensive guide to the field of property finance, linking the practicalities of property and construction with an understanding of core finance structures and concepts. The third edition of this book widens the coverage of property finance to include residential as well as commercial property lending.
The book is an accessible guide that introduces the key components of real estate investment and development cyclesin straightforward language. Working through the book, students will gain a clear understanding of the interconnected roles of the financial services industry, property companies, joint ventures, banks, and real estate developers. It also provides a basis for more advanced reading.
Material new to this edition includes:• Changes in banking supervision and regulation since the 2008-09 financial crisis, and the impact on the property market• Growth in securitisation of property and the inception of Real Estate Investment Trusts in the UK in 2007• Increased institutional investment in ‘build to rent’ as well as the private residential investment market
An ideal book for students undertaking real estate or construction-related degrees.
Property Finance provides an overview of the field, linking the areas of property and construction with an understanding of financial structures and concepts. The aim is to present an insight and a strategy for understanding and learning about these concepts and structures, and to introduce the reader to the institutions in the market which provide finance for real estate investment and development.
- Well-established and well-written text, updated to reflect major recent changes in the world of property finance
- Inclusion of residential property alongside commercial property, reflecting this area’s growing importance both as a share of the market and as a career destination for students
- Reduced emphasis on financial theory and rearranged material to allow for clearer understanding of fundamental topics
- An examination of residential finance to reflect the growing importance of this sector in terms of private and more latterly corporate investment, in addition to the commercial property finance already covered
- New material on the 2008-9 financial crisis, residential property finance, banking regulation and derivatives
- Updated content on securitisation, sale and leaseback, joint ventures and investment finance, and the history of property finance since the second world war
- Important new areas included are the growing "build to rent" initiatives and the increase in the number of private residential tenancies
Autor*in
David Isaac
Themen in »Property Finance«
construction development funding portfolio management property economics real estate