The book traces the evolution of cross-border capital flows, highlighting significant events like financial market deregulation and the rise of new economic powers. It argues that while cross-border real estate investments can stimulate economic growth, they may also contribute to housing unaffordability and asset bubbles.
Using econometric analyses and case studies from North America, Europe, and Asia, the book dissects investment vehicles, risk assessment, and due diligence processes. It also evaluates policy tools like capital controls and taxation measures, providing a comparative analysis of different regulatory models.
The book presents a structured approach, progressing from the mechanics of cross-border real estate investment to the socio-economic impacts and regulatory responses. It offers a nuanced understanding of the merits and drawbacks of capital controls and the ethical responsibilities of foreign investors, making it valuable for policymakers, real estate professionals, and anyone interested in the global forces shaping their communities.