ABSTRACT

This chapter focuses on selected tools for the regulation and supervision of managers and investment vehicles in Europe’s real estate market. It considers Asian markets and makes some limited comparisons with Australian and US markets. Structured as a debt or equity product and traded on a private or public market, real estate investments can be carried out in all four quadrants of the real estate investment universe. Owing to the partial transfer of legislation to the EU, most European countries are obligated to comply with various EU regulations and directives. The European Parliament, the European Commission and the Council of the European Union aim to set a common framework for certain aspects of laws, regulations and administrative provision for the EU member states. Since the late 1980s, the evolution of banking regulations has shown how different countries have cooperated in setting up rules for the financial supervision and minimum capital requirements of their banks.