Interests and Behaviours of Real Estate Market Actors in Comm... - 9780367482473

CRC Press

Interests and Behaviours of Real Estate Market Actors in Commercial Property ValuationAuthor(s): Alina Nichiforeanu\nFormat: Hardback\nPublisher: Taylor & Francis Ltd, United Kingdom\nImprint: Routledge\nISBN-13: 9780367482473, 978-0367482473\nSynopsis\nThis book is a theory-led conceptual account of the Principal-Agent problem and related concepts of Behavioural Real Estate economics, a decade after the real estate crisis of 2008. Data from 52 qualitative interviews undertaken with appraisers, real estate brokers, and property owners is used to argue that the reality is more nuanced and influenced by the interests of the different real estate market actors. The book provides a sketch of the relationship dynamics between real estate investors and service providers in the markets of Austria and Central and Eastern Europe.\n\nWhile the investors manage real estate portfolios and have to deal with particular legal systems, regulations, and norms, they often appoint service providers.