Global Integration Business Consultants project - gibc
Global Integration Business Consultants project - gibc
Global Integration Business Consultants project - gibc
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
UNIQUE SUPPLY AND DEMAND CHARACTERISTICS<br />
Unique to Real Estate<br />
Executive<br />
Summary<br />
Real Estate<br />
Overview<br />
� Product Life Cycle<br />
� Long Usage, Renovation of Existing Stock<br />
� Time to Market<br />
� Construction Lag Times<br />
� Heterogeneity<br />
� No two pieces of real estate are identical<br />
� Asymmetric Information<br />
� Possessors have more information<br />
� High Transaction Costs<br />
� Inhibits free flow of trade – barrier to<br />
entry<br />
� Multiple Uses<br />
� Investment versus Consumer Good<br />
� Immobility<br />
� Location Externality Effects<br />
U.S.<br />
Market<br />
APPENDIX<br />
China<br />
Market<br />
Vietnam<br />
Market
Change language