Abstract
Real estate is regarded commonly as an inflation hedge. We have all heard how ‘bricks and mortar’ retain value in an age of fast-depreciating paper monies. In the present chapter, the inflation-hedge function, together with other possible hedge functions of real estate, are examined. Different types of real estate — residential, commercial, and agricultural — are distinguished, which are in turn further subdivided according to quality.
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© 1982 Brendan Brown
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Brown, B. (1982). Real Estate. In: A Theory of Hedge Investment. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-06103-7_5
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DOI: https://doi.org/10.1007/978-1-349-06103-7_5
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-06105-1
Online ISBN: 978-1-349-06103-7
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