This paper studies the market selection criteria in international real estate investments. It presents the results of a questionnaire study among internationally investing property investors in Europe. The results indicate that the most important factors for market selection are safety of property rights and title as well as expected return on property investments. Also other factors describing institutional set‐up and market maturity were found to affect the market selection process, whereas the correlation of the property returns was not found to have a large impact on market selection. Santruka Šiame darbe nagrinejami kriterijai, pagal kuriuos pasirenkamos rinkos tarptautinems investicijoms i nekilnojamaji turta. Jame pateikiami Europos nekilnojamojo turto investuotoju, investuojančiu tarptautiniu mastu, apklausos rezultatai. Rezultatai rodo, kad svarbiausi veiksniai, renkantis rinka, yra nuosavybes teisiu saugumas ir laukiama graža iš investiciju i nekilnojamaji turta. Nustatyta, kad rinkos pasirinkimo procese svarbūs ir kiti veiksniai, apibūdinantys institucine saranga ir rinkos branduma, o nekilnojamojo turto gražos koreliacija rinkai pasirinkti reikšmingos itakos neturi.

Public authorities have a wide range of objectives related to urban development. Usually, they strive to achieve the objectives via land use planning but their involvement in land development can be significant as well. In this paper, we compare how, and to what extent, local authorities can safeguard public objectives through the use of public and private land development by analysing four illustrative cases of land development in two Nordic countries, Finland and Sweden. Our results suggest that public land development appears to bring significant added value for public authorities in respect of achieving both qualitative and economic objectives. On the other hand, to guarantee fair treatment of landowners, it appears important that public authorities have consistent long-term land policies concerning the use of public land development. However, within democratic societies such long-term policies may be infeasible due to short electoral terms.

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Article 1: Securing public objectives in large-scale urban development: Comparison of public and private land development The author was responsible for initiating, executing and writing the paper. The co-authors provided advice, comments and suggestions. Article 2: Risk management in public land development projects: Comparative case study in Finland, and the Netherlands The author was responsible for initiating, executing and writing the paper except for the data collection and analysis of the Dutch case study, which was conducted by Prof. van der Krabben. Otherwise, the co-authors provided advice, comments and suggestions.

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