Real estate activity across national boundaries (investment,development and asset management) is firmly established as a majorcomponent of global economic activity. International RealEstate provides the understanding of real estate strategies andtransactions that cross national boundaries. Internationalorganizations lament the narrow perspective of professionals in thereal estate field, which stems from training that takes a parochialrather than international view of the practices and processes ofreal estate markets.This book takes an explicitly international perspective to thedecision-making process leading to final 'accept' or 'reject'investment decisions. It will be the first to adopt aninstitutional approach that directly addresses the problems of howto identify and avoid the main pitfalls of cross-border investmentin real estate. The key to understanding international real estatecomes from understanding the impact on investment and managementdecisions of differences in the formal and informal 'rules of thegame'. The authors define the key feature of international realestate as the institutions that frame, facilitate or impedeinvestment in land and buildings across national boundaries.