Paper title: |
Real Estate Portfolio. Reducing Investment Risk with Variation in Territory and Category |
Authors: |
Ingaramo, Luisa |
Summary: |
The subject this paper focus on is how, in Italy, real estate investment and financial investment are, progressively, becoming interrelated sectors. The research carried out mainly involved examining how the risk factor can be reduced when variance in territory and category is used while investing to build-up a real estate portfolio. Research began with analysing the risk’s sources (from economic trends to price ranges, reporting the circumstance variations and the allocation of frequency under a statistical approach) with the database of the Osservatorio sul Mercato Immobiliare di Nomisma “Observatory of the Real Estate Market of Nomisma” that documented Italy’s main 13 cities from 1988 to 2003. We also examined the risk involved when investment is done only in certain sectors of the market (residential, tertiary and commercial) through analysing trends in price and the respective correlations. More specifically this paper can be useful for the choice of real estate portfolio. Aiming at minimising the risk it first investigates the property rates of each real estate category in all 13 cities and then the relation these rates have with the main socio-economic features of the cities. |
Type: |
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Year of publication: |
2004 |
Keywords: |
Real estate portfolio; real estate market’ trends; investment risks |
Series: |
ERES:conference |
Download paper: |
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Citation: |
Ingaramo, Luisa (2004).
Real Estate Portfolio. Reducing Investment Risk with Variation in Territory and Category. 11th European Real Estate Society Conference (2-5 June 2004) Milano, Italy,
http://itc.scix.net/paper/eres2004_151
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