Real Estate Finance and Economics: A Guide to Securing Finance for Real Estate Project Development in Developed and Emerging Economies

Finance is essential to the real estate project development sector's success. However, there is still an enormous gap in the real estate sector. What seems to be required is a model that could guide managers in securing real estate project development finance.

Findings have shown that no comprehensive framework is presently available. This book presents a toolkit to support real estate managers in securing real estate project development finance. The book will help managers to understand the different financing options and criteria required by financiers. The study includes case studies from developed and emerging economies, including Germany, the United Kingdom, the United States of America, China, Nigeria, and South Africa. The author concludes that the dominant challenges common to managers in both economies are access to land, collateral, and rising interest rates.

This chapter is Real Estate Finance and Economics (Chapter 1) and evaluates the real estate market literature on factors affecting real estate supply in cities emphasising sources of real estate finance in emerging and developed economies particularly those of Germany, the UK, the USA, China, Nigeria, and South Africa. It establishes the factors affecting the real estate sector and finance could be broadly classified into macroeconomic, social, political, technical, and legal factors.