Abstract
Economic, political and other external factors influence the value of real estate or property and the uncertainty in this value. One way of dealing with this uncertainty and associated risk is hedging through options. An option grants the option holder the right, but not the obligation, to typically buy or sell something in the future.
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References
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Carmichael, D.G. (2020). Real Estate Options. In: Future-proofing—Valuing Adaptability, Flexibility, Convertibility and Options. Management in the Built Environment. Springer, Singapore. https://doi.org/10.1007/978-981-15-0723-6_12
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DOI: https://doi.org/10.1007/978-981-15-0723-6_12
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