UNDERSTANDING GLOBAL REAL ESTATE MARKETS
This course presents an overview of the cultural, economic, and market knowledge necessary to establish a global real estate practice. International buyer, owner, user and investor motivations are covered. Topics include the basics of real estate law, finance, and governance issues as related to international property markets.
The main focus of the course is the International Property Markets Scorecard Methodology, www.propertymarketsscorecard.com a tool that anyone can use to better understand how property markets function in another country. At the conclusion of the course students will be able to formulate an expert opinion backed up by data and research that will allow them to advise users, developers and investors on global market participation. This course is designed as a complement to the course Exploring International Real Estate Investment.
- An exploration of potential clients including corporate users, individual and institutional investors.
- The first step to advising clients on cross-border investment is understanding a country’s culture and examining its macroeconomic situation, political risks, as well as current real property issues and trends.
- An examination of legal issues in global real estate including property rights and clear title, real estate contracts, legislation and government regulation.
- An understanding of the availability of credit and the efficiency and transparency of the financial sector to provide a broad range of citizens with access to multiple forms of competitive credit so they can start businesses, build wealth, and purchase property.
- An exploration of the risks associated with governance including the need for a popularly elected government free of corruption and functioning efficiently and transparently enough to guarantee economic freedom to individuals and support equitable property markets.
- Application of the knowledge and skill gained in the course.