Investing in Real Estate: Mortgage Financing Practices and Optimal Holding Period

• المؤلفون الرئيسيون: KOH, Winston T. H., NG, Edward H. K.
• التنسيق: text
• اللغة: English
• منشور في: Institutional Knowledge at Singapore Management University 2005
• الموضوعات: mortgage financing; real estate; financial leverage; optimal holding period; Finance; Real Estate
• الوصول للمادة أونلاين: https://ink.library.smu.edu.sg/soe_research/822; https://ink.library.smu.edu.sg/context/soe_research/article/1821/viewcontent/Optimal_Holding_Period.pdf
• المؤسسة: Singapore Management University

Real estate investments are typically characterized by high degrees of leverage and long loan tenures. In perfect capital markets, leverage has no impact on the investment decision apart from tax considerations. However, the mortgage financing market is imperfect in many countries. In the presence o...