Hdl Handle:
http://hdl.handle.net/10545/621854
Title:
Foreign direct investment in the UK real estate market
Authors:
Poon, Joanna
Abstract:
The aim of this paper is to identify the key factors affecting foreign real estate investment (FREI) in the UK, with a particular focus in London. The panel regression method was used as a data analysis approach for this paper. Two panel regression equations were developed. Equation 1 has five explanatory variables including GDP, wage, property price, land price and interest rate. Equation 2 has the sixth explanatory variable, tourists, as well as the five variables used in Equation 1. Pearson coefficient analysis was also conducted to identify the correlation between the dependent variable, FREI and the explanatory variables. For equation 1 of panel regression analysis showed all five explanatory variables are statistically significant and have an expected impact on FREI. That is GDP and house price, have positive impacts on FREI, while wage, land price and interest rate have negative impacts. For equation 2, all explanatory variables, apart from interest rate and tourists, are statistically significant. Tourists have an unexpected negative impact on FREI. Pearson coefficient analysis showed that FREI has a statistically significant correlation relationship with GDP, wage, house price, land price and interest rate. FREI also has a positive relationship with all explanatory variables except interest rate.
Affiliation:
University of Derby
Citation:
Poon, J. (2017) 'Foreign direct investment in the UK real estate market', Pacific Rim Property Research Journal, DOI: 10.1080/14445921.2017.1372038
Publisher:
Taylor and Francis
Journal:
Pacific Rim Property Research Journal (PRPRJ)
Issue Date:
9-Sep-2017
URI:
http://hdl.handle.net/10545/621854
DOI:
10.1080/14445921.2017.1372038
Additional Links:
http://www.tandfonline.com/doi/full/10.1080/14445921.2017.1372038
Type:
Article
Language:
en
ISSN:
14445921
EISSN:
22016716
Sponsors:
N/A
Appears in Collections:
Department of Mechanical Engineering & the Built Environment

Full metadata record

DC FieldValue Language
dc.contributor.authorPoon, Joannaen
dc.date.accessioned2017-09-18T09:57:06Z-
dc.date.available2017-09-18T09:57:06Z-
dc.date.issued2017-09-09-
dc.identifier.citationPoon, J. (2017) 'Foreign direct investment in the UK real estate market', Pacific Rim Property Research Journal, DOI: 10.1080/14445921.2017.1372038en
dc.identifier.issn14445921-
dc.identifier.doi10.1080/14445921.2017.1372038-
dc.identifier.urihttp://hdl.handle.net/10545/621854-
dc.description.abstractThe aim of this paper is to identify the key factors affecting foreign real estate investment (FREI) in the UK, with a particular focus in London. The panel regression method was used as a data analysis approach for this paper. Two panel regression equations were developed. Equation 1 has five explanatory variables including GDP, wage, property price, land price and interest rate. Equation 2 has the sixth explanatory variable, tourists, as well as the five variables used in Equation 1. Pearson coefficient analysis was also conducted to identify the correlation between the dependent variable, FREI and the explanatory variables. For equation 1 of panel regression analysis showed all five explanatory variables are statistically significant and have an expected impact on FREI. That is GDP and house price, have positive impacts on FREI, while wage, land price and interest rate have negative impacts. For equation 2, all explanatory variables, apart from interest rate and tourists, are statistically significant. Tourists have an unexpected negative impact on FREI. Pearson coefficient analysis showed that FREI has a statistically significant correlation relationship with GDP, wage, house price, land price and interest rate. FREI also has a positive relationship with all explanatory variables except interest rate.en
dc.description.sponsorshipN/Aen
dc.language.isoenen
dc.publisherTaylor and Francisen
dc.relation.urlhttp://www.tandfonline.com/doi/full/10.1080/14445921.2017.1372038en
dc.subjectForeign real estate investmenten
dc.subjectLondonen
dc.subjectUnited Kingdomen
dc.subjectPanel regression analysisen
dc.titleForeign direct investment in the UK real estate marketen
dc.typeArticleen
dc.identifier.eissn22016716-
dc.contributor.departmentUniversity of Derbyen
dc.identifier.journalPacific Rim Property Research Journal (PRPRJ)en
All Items in UDORA are protected by copyright, with all rights reserved, unless otherwise indicated.