Karol Klimczak

Department of Investments and Real Estate

University of Poznan

karol.klimczak@ue.poznan.pl

Determinants of Real Estate Investment

ABSTRACT. On the capital market, one of important criteria for investment decision is the issue of selecting sources, possibilities and methods of raising the value of the investment object (Rogowski 2004, p. 38) Familiarity with sources of value as well as factors of which determine the value and impact upon the attractiveness of a capital market segment in question, allows capital owners to make effective and rational investment decisions. Issues concerning economic and physical properties of the estate that constitute its value, are of great importance for prospective investors on the real estate market.

Received: August, 2010

1st Revision: October, 2010

Accepted: November, 2010

JEL Classification: L85, P2

Keywords: real estate, investment, investment valuation, investment factors, criteria for investment decision.