Schnaidt, Tobias and Sebastian, Steffen (2014) Alternative Real Estate Financing with Real Estate Bonds. BETRIEBSWIRTSCHAFTLICHE FORSCHUNG UND PRAXIS, 66 (4). pp. 353-370. ISSN 0340-5370,
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International regulations as Basel III and Solvency II as well as the development in the financial markets let us expect changes in the praxis of real estate (re-)financing. It appears that the apprehended the "credit crunch" does not reach the expected dimension, but a rise of importance of alternatives to bank-based finance is anticipated. In the recent years there have been increasingly more emissions of "Immobilienanleihen" (real estate bonds). This article illustrates the characteristics of Immobilienanleihen and shows that they are a potential alternative. It is also pointed up that some emissions are questionable concerning the protection of investors and that Immobilienanleihen are not overall positive but rather have to prove themselves in an economic comparison with other alternatives.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | ; |
| Subjects: | 300 Social sciences > 330 Economics |
| Divisions: | Business, Economics and Information Systems > Institut für Immobilienenwirtschaft / IRE|BS |
| Depositing User: | Dr. Gernot Deinzer |
| Date Deposited: | 16 Sep 2019 09:15 |
| Last Modified: | 16 Sep 2019 09:15 |
| URI: | https://pred.uni-regensburg.de/id/eprint/9926 |
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