As the real estate market becomes increasingly international, it is essential to understand how specific national markets operate and relate to one another. The authors identify the similarities and differences observed across European, Asian and American markets, providing a framework to explain how these diverse national markets converge.

PIYUSH TIWARI is Senior Lecturer in Property at the University of Aberdeen Business School, UK. He is Associate Editor of the International Real Estate Review. MICHAEL WHITE is Senior Lecturer in Property at the University of Aberdeen Business School, UK.