Foreign investment in real estate and housing affordability

Foreign Investment in Real Estate (FIRE) is gradually becoming an important source of capital to many emerging markets in the world. In one hand, FIRE helps to improve the performance of real estate sector and subsequently upgrade the level of income of host countries. However, on the other hand,...

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Main Authors: Tajul Ariffin Masron, Abu Hassan Shaari Md Nor
Format: Article
Language:English
Published: Penerbit Universiti Kebangsaan Malaysia 2016
Online Access:http://journalarticle.ukm.my/10766/
http://journalarticle.ukm.my/10766/1/jeko_50%281%29-2.pdf
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author Tajul Ariffin Masron,
Abu Hassan Shaari Md Nor,
author_facet Tajul Ariffin Masron,
Abu Hassan Shaari Md Nor,
author_sort Tajul Ariffin Masron,
building UKM Institutional Repository
collection Online Access
description Foreign Investment in Real Estate (FIRE) is gradually becoming an important source of capital to many emerging markets in the world. In one hand, FIRE helps to improve the performance of real estate sector and subsequently upgrade the level of income of host countries. However, on the other hand, the inflows of FIRE may have the effect of increasing the house price. Hence, this study attempts to fill up the under-researched area of pressing issue surrounding the implications of FIRE inflows on host country’s affordability level by focusing on the experience of emerging real estate markets. The approach is specifically designed to be as informative as possible in offering the benefits and costs of luring FIRE into the host countries with respect to house affordability. Generally, this study found that FIRE is beneficial in increasing national income but might be offset by increasing house price.
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spelling oai:generic.eprints.org:107662017-10-10T08:19:12Z http://journalarticle.ukm.my/10766/ Foreign investment in real estate and housing affordability Tajul Ariffin Masron, Abu Hassan Shaari Md Nor, Foreign Investment in Real Estate (FIRE) is gradually becoming an important source of capital to many emerging markets in the world. In one hand, FIRE helps to improve the performance of real estate sector and subsequently upgrade the level of income of host countries. However, on the other hand, the inflows of FIRE may have the effect of increasing the house price. Hence, this study attempts to fill up the under-researched area of pressing issue surrounding the implications of FIRE inflows on host country’s affordability level by focusing on the experience of emerging real estate markets. The approach is specifically designed to be as informative as possible in offering the benefits and costs of luring FIRE into the host countries with respect to house affordability. Generally, this study found that FIRE is beneficial in increasing national income but might be offset by increasing house price. Penerbit Universiti Kebangsaan Malaysia 2016 Article PeerReviewed application/pdf en http://journalarticle.ukm.my/10766/1/jeko_50%281%29-2.pdf Tajul Ariffin Masron, and Abu Hassan Shaari Md Nor, (2016) Foreign investment in real estate and housing affordability. Jurnal Ekonomi Malaysia, 50 (1). pp. 15-27. ISSN 0127-1962 http://www.ukm.my/fep/jem/content/2016.html
spellingShingle Tajul Ariffin Masron,
Abu Hassan Shaari Md Nor,
Foreign investment in real estate and housing affordability
title Foreign investment in real estate and housing affordability
title_full Foreign investment in real estate and housing affordability
title_fullStr Foreign investment in real estate and housing affordability
title_full_unstemmed Foreign investment in real estate and housing affordability
title_short Foreign investment in real estate and housing affordability
title_sort foreign investment in real estate and housing affordability
url http://journalarticle.ukm.my/10766/
http://journalarticle.ukm.my/10766/
http://journalarticle.ukm.my/10766/1/jeko_50%281%29-2.pdf