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The significance of development sites in global real estate transactions

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Abstract This paper examines the significant contribution that development sites make to total real estate transaction activity at a global, regional and country-specific level over 2007–2014. By assessing over 216,000… Click to show full abstract

Abstract This paper examines the significant contribution that development sites make to total real estate transaction activity at a global, regional and country-specific level over 2007–2014. By assessing over 216,000 major real estate transactions worth in excess of $6.35 trillion, development sites are shown to account for over $2.0 trillion or 31.6% of global real estate transaction activity. Regional and country differences are highlighted, particularly in the Asia-Pacific emerging real estate markets, with the significance of development sites in China specifically highlighted. The analysis shows that China accounted for $1.6 trillion in development site transactions or 80% of development site transaction activity globally over 2007–2014, with development sites in China being a key catalyst to providing the urban infrastructure and fabric for China's future economic growth.

Keywords: real estate; global real; estate transactions; development sites; development

Journal Title: Habitat International
Year Published: 2017

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