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Property investor behaviour: qualitative analysis of a very large transaction
Malmö högskola, Faculty of Culture and Society (KS), Department of Urban Studies (US).ORCID iD: 0000-0001-7357-2665
2012 (English)Conference paper, Oral presentation with published abstract (Other academic)
Abstract [en]

This explorative case study focuses on property investment decision-making from a behavioural perspective on the very micro level. The study aims at contributing to the understanding of how property investors manage the decision-making process, including issues like organising, valuing and financing. By applying a qualitative approach, we analyse an extraordinary large transaction that took place in the Swedish property market 2008. In an open bid transaction properties of the corporation Vasakronan was sold for SEK 41.1 billion (equal to € 4.3 billion). Managers in both the purchasing company and the consortium with the second highest bid were interviewed. They were encouraged to speak freely, but we also supplied an interview guide with a number of themes as well as specific questions. The findings reveal two types of characters in property investment decision-making behaviour with respect to how actors can organise the work and use external consultants, value the properties, and secure the financing necessary for a final bid. We use a qualitative empirical approach to analyse an extraordinary large property transaction from a buyer’s point of view, and we present detailed information about this transaction as well as general insights about actual behaviour rarely revealed in previous research or textbooks.

Place, publisher, year, edition, pages
2012.
Keywords [en]
income property, investment decision-making, large transaction, qualitative approach
National Category
Social Sciences
Identifiers
URN: urn:nbn:se:mau:diva-10990Local ID: 14713OAI: oai:DiVA.org:mau-10990DiVA, id: diva2:1408033
Conference
The European Real Estate Society (ERES), Edinburgh, Scotland (2013)
Available from: 2020-02-29 Created: 2020-02-29 Last updated: 2022-06-27Bibliographically approved

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http://web.sbe.hw.ac.uk/eres2012/Papers/eres2012_376.pdf

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Westerdahl, Stig

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CiteExportLink to record
Permanent link

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Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf