The EU REIT and the Internal Market for Real Estate

Abstract

Research report on the economic rationale for the creation of an EU REIT structure. The current landscape of structure for property vehicles in Europe is a patchwork of regimes, all with different legal rules and regulations. This leads to distortion of competition, inefficient allocation of capital and does not contribute to market safety and security. We elaborate on these issues, discuss why doing nothing is not an option, and provide an operational framework for an EU REIT.

Keywords: real estate, REIT, governance, Europe