AbstractThe
Asian region has become a focus of attention for investors in recent years.
Due to the strong economic performance of the region, the higher expected
returns in the area compared with Europe and the USA and the additional
diversification benefits investment in the region would offer. Nonetheless
many investors have doubts about the prudence of investing in such areas.
In particular it may be felt that the expected returns offered in the countries
of the Asian region are not sufficient to compensate investors for the
increased risks of investing in such markets. These risks can be
categorised into under four headings: investment risk, currency risk, political
risk, and institutional risk. This paper analyses each of these risks
in turn to see if they are sufficiently large to deter real estate investment
in the region in general or in a particular country.
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