@article{ART002538995},
author={Min, Seonghun},
title={A Study on the Relative Importance of Real Estate Investment Style Factors},
journal={Korea Real Estate Review},
issn={2092-5395},
year={2019},
volume={29},
number={4},
pages={25-41},
doi={10.35136/krer.29.4.2}
TY - JOUR
AU - Min, Seonghun
TI - A Study on the Relative Importance of Real Estate Investment Style Factors
JO - Korea Real Estate Review
PY - 2019
VL - 29
IS - 4
PB - korea real estate research institute
SP - 25
EP - 41
SN - 2092-5395
AB - This study investigates the relative importance of real estate investment style factors through the perception survey of the experts. The survey consists of two stages, an AHP according to the pairwise comparisons of factors that are in the previous literature and an FGI on the result of the AHP. The result is as follows. Korean experts regard location, occupancy, and proportion of the income yield to the total return as the three most important style factors. This is quite different from foreign practice, which regards use of property, LTV and proportion of the development projects in the total investment as the main style factors. Experts point out the investment behavior focusing on the office sector, the practice in the commercial mortgage market, which allows 50~60% LTV regardless of investment strategy, and the absence of the portfolio investment, which includes development projects as the reasons of the outcome. However, the importance of the three minor factors seems to increase due to the expansion of investment sectors and the trend of style investment using various LTV and aiming development projects.
KW - real estate investment;style factors;qualitative research;AHP(Analytic Hierarchy Process);FGI(Focus Group Interview)
DO - 10.35136/krer.29.4.2
ER -
Min, Seonghun. (2019). A Study on the Relative Importance of Real Estate Investment Style Factors. Korea Real Estate Review, 29(4), 25-41.
Min, Seonghun. 2019, "A Study on the Relative Importance of Real Estate Investment Style Factors", Korea Real Estate Review, vol.29, no.4 pp.25-41. Available from: doi:10.35136/krer.29.4.2
Min, Seonghun "A Study on the Relative Importance of Real Estate Investment Style Factors" Korea Real Estate Review 29.4 pp.25-41 (2019) : 25.
Min, Seonghun. A Study on the Relative Importance of Real Estate Investment Style Factors. 2019; 29(4), 25-41. Available from: doi:10.35136/krer.29.4.2
Min, Seonghun. "A Study on the Relative Importance of Real Estate Investment Style Factors" Korea Real Estate Review 29, no.4 (2019) : 25-41.doi: 10.35136/krer.29.4.2
Min, Seonghun. A Study on the Relative Importance of Real Estate Investment Style Factors. Korea Real Estate Review, 29(4), 25-41. doi: 10.35136/krer.29.4.2
Min, Seonghun. A Study on the Relative Importance of Real Estate Investment Style Factors. Korea Real Estate Review. 2019; 29(4) 25-41. doi: 10.35136/krer.29.4.2
Min, Seonghun. A Study on the Relative Importance of Real Estate Investment Style Factors. 2019; 29(4), 25-41. Available from: doi:10.35136/krer.29.4.2
Min, Seonghun. "A Study on the Relative Importance of Real Estate Investment Style Factors" Korea Real Estate Review 29, no.4 (2019) : 25-41.doi: 10.35136/krer.29.4.2
