<abstract xmlns="http://www.w3.org/1999/xhtml">

<p>The pandemic, followed by the Russian aggression against Ukraine, caused rapid changes in the economy. European countries experienced unprecedented price increases, which resulted in a significant increase in the cost of capital. This resulted primarily in limited access to capital and a significant reduction in investments in the real estate market. In addition, investors began to withdraw capital from investments in the real estate market to other assets, encouraged by their rising rates of return. The article presents how the indicated circumstances translated into the financial efficiency of companies from the Real Estate sector. Listed companies of the European Economic Area in the years 2019-2022 were analyzed. Changes in the main accounting measures and market measures for individual countries as well as the characteristics of real estate market participants were analyzed.</p>
</abstract>

The pandemic, followed by the Russian aggression against Ukraine, caused rapid changes in the economy. European countries experienced unprecedented price increases, which resulted in a significant increase in the cost of capital. This resulted primarily in limited access to capital and a significant reduction in investments in the real estate market. In addition, investors began to withdraw capital from investments in the real estate market to other assets, encouraged by their rising rates of return. The article presents how the indicated circumstances translated into the financial efficiency of companies from the Real Estate sector. Listed companies of the European Economic Area in the years 2019-2022 were analyzed. Changes in the main accounting measures and market measures for individual countries as well as the characteristics of real estate market participants were analyzed.

Financial Efficiency and Investor Behavior on the European Real Estate Market in the Rising Inflation Environment

Wrocław University of Environmental and Life Sciences

Wrocław University of Science and Technology

Real Estate Management and Valuation

This work is licensed under the Creative Commons Attribution 4.0 International License.

The pandemic, followed by the Russian aggression against Ukraine, caused rapid changes in the economy. European countries experienced unprecedented price...

Financial Efficiency and Investor Behavior on the European Real Estate Market in the Rising Inflation Environment

Published Online: Mar 06, 2024

Page range: 71 - 83

Received: Jun 18, 2023

Accepted: Nov 10, 2023

DOI: https://doi.org/10.2478/remav-2024-0007

Keywords
real estate market, inflation, financial efficiency, investor behavior

© 2024 Sylwester J. Rzeszut et al., published by Sciendo

This work is licensed under the Creative Commons Attribution 4.0 International License.

Financial Efficiency and Investor Behavior on the European Real Estate Market in the Rising Inflation Environment

Published Online: Mar 06, 2024

Page range: 71 - 83

Received: Jun 18, 2023

Accepted: Nov 10, 2023

DOI: https://doi.org/10.2478/remav-2024-0007

Keywordsreal estate market, inflation, financial efficiency, investor behavior

© 2024 Sylwester J. Rzeszut et al., published by Sciendo

This work is licensed under the Creative Commons Attribution 4.0 International License.

Keywords
real estate market, inflation, financial efficiency, investor behavior