The spatial characteristics of global property investment in Seoul: A case study of the office market

Abstract

As more and more countries liberalise their financial systems, capital has become increasingly mobile. These emerging capital flows and the accumulation of capital are mainly embodied in foreign direct investment. A new component is global property investment which is creating an internationalised office market and distinctive spatial patterns in global cities. Despite the increasing volume of foreign-owned property, as well as the popularity of the facilitating policies for cross-border capital flows into real estate, in both developed and developing countries, there has been little attention to the spatial characteristics of global property investment (GPI). Massive cross-border capital fl..