Finanse, Rynki Finansowe, Ubezpieczenia

Previously: Zeszyty Naukowe Uniwersytetu Szczecińskiego. Finanse, Rynki Finansowe, Ubezpieczenia


ISSN: 2450-7741     eISSN: 2300-4460    OAI    DOI: 10.18276/frfu.2017.86-36
CC BY-SA   Open Access 

Issue archive / 2/2017 (86)
Fundusze REIT – doświadczenia światowe a rynek polski
(REITs – WORLDWIDE AND POLISH EXPERIENCES)

Authors: Urszula Gierałtowska
Uniwersytet Szczeciński, Wydział Nauk Ekonomicznych i Zarządzania
Keywords: REITs real estate market investment fund indirect investments
Data publikacji całości:2017
Page range:13 (435-447)
Cited-by (Crossref) ?:

Abstract

Purpose – the main aim of this paper is to present the history and principles of operating REIT funds and predict perspective of implementing such solution in Poland. Design/Methodology/Approach – in the article describes over 50 years experience from American market and compares it to less developed European market. Global REITs market is constantly evolving. Findings – REIT funds are the safe, well-diversified geographically and by sector real estate funds. Author emphasize the advantages REIT investment funds:low volatility over the long term, high liquidity, fixed income investments, low correlation with the stock market. So far, Poland is not involved in the development of the European REITs market. the experience of countries which have developed REITs could be used by Poland. Author convince it would have positive impact on growth of Polish real estate market, but it is necessary to create appropriate regulations for the functioning of these funds in Poland. Originality/Value – the article constitutes a contribution to research and debate on the possibility of introducing REITs in Poland.
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