Safe as houses? Thinking on the rise of investment into UK residential markets

IF 1.6 Q3 BUSINESS, FINANCE Journal of Property Investment & Finance Pub Date : 2022-01-25 DOI:10.1108/jpif-01-2022-0001
N. Livingstone
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引用次数: 2

Abstract

PurposeIn recent decades, institutional investment has become increasingly focussed on residential property in the United Kingdom, reflecting interest in what was previously considered an “alternative” asset class, but is now an evolving and ever more complex sector. This short thought piece considers how such processes may be understood through investment-related research.Design/methodology/approachThe UK residential market has experienced substantial capital inflows in the wake of the global financial crisis. This reflective piece suggests there is a need for more research into residential real estate as an institutional asset class to further unpack and understand shifting market dynamics within the United Kingdom. It offers insight into evolving market trends across a diverse range of investors and market sub-sectors.FindingsThis paper considers the diverse research opportunities within the residential investment markets, including, but not limited to, the private rented sector, build-to-rent and purpose-built student accommodation, presenting opportunities for burgeoning research.Practical implicationsThe viewpoint suggests how this research lacuna may be bridged through additional research in not just the UK residential market, but also how investors may further integrate and operationalise UK residential assets in diversified or specialised investments, from domestic to international propositions. The suggested research agenda promotes enhanced understandings of residential markets and processes driving investment decision-making.Originality/valueAs the integration of residential property into vehicles such as Real Estate Investment Trusts, private equity funds and managed multi-asset portfolios continues to increase, there is an amplified need to understand the market context in which such investment flows occur, including the potential impact of COVID-19, Brexit and the cyclical evolution of real estate markets more broadly.
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像房子一样安全?对英国住宅市场投资增长的思考
目的近几十年来,英国的机构投资越来越关注住宅物业,这反映出人们对以前被认为是“另类”资产类别的兴趣,但现在是一个不断发展且越来越复杂的行业。这篇简短的思考文章考虑了如何通过投资相关研究来理解这些过程。设计/方法/方法全球金融危机后,英国住宅市场出现了大量资本流入。这篇反思性文章表明,有必要对住宅房地产作为一种机构资产类别进行更多研究,以进一步揭示和了解英国不断变化的市场动态。它提供了对不同投资者和市场细分行业不断发展的市场趋势的见解。发现本文考虑了住宅投资市场中的各种研究机会,包括但不限于私人租赁部门、按租建造和专门建造的学生宿舍,为蓬勃发展的研究提供了机会。实际含义该观点表明,如何通过对英国住宅市场的额外研究,以及投资者如何在从国内到国际的多元化或专业投资中进一步整合和运营英国住宅资产,来弥补这一研究空白。建议的研究议程有助于加深对住宅市场和推动投资决策的过程的理解。创意/价值随着住宅房地产与房地产投资信托基金、私募股权基金和管理型多资产投资组合等工具的整合不断增加,更需要了解此类投资流发生的市场背景,包括新冠肺炎的潜在影响,英国脱欧和更广泛的房地产市场的周期性演变。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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来源期刊
CiteScore
3.50
自引率
23.10%
发文量
33
期刊介绍: Fully refereed papers on practice and methodology in the UK, continental Western Europe, emerging markets of Eastern Europe, China, Australasia, Africa and the USA, in the following areas: ■Academic papers on the latest research, thinking and developments ■Law reports assessing new legislation ■Market data for a comprehensive review of current research ■Practice papers - a forum for the exchange of ideas and experiences
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