Editorial. Global financial crisis resonance on real estate markets

Abstract

The global financial crisis (GFC) has had major effects on real estate markets. The channels through which financial distress has spread its effects are being more fully appreciated as the data become more readily available and researchers through economic intuition link the evidence base with already known fundamental mechanisms. The outcomes are creating greater awareness of characteristics that affect real estate markets and their reactions post the crisis period, as well as potential changes in mechanisms that can affect investment decisions.