Abstract
Finance is a key factor of success in the luxury sector. In fact, from the design to the product distribution, a luxury company must have a solid financial structure to fund its projects and create value for its shareholders.
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- 1.
A real estate asset is a tangible asset that can be used as a guarantee to obtain a loan.
- 2.
We have not included in our calculations salaries and mortgage costs.
- 3.
The geomarketing may be used to determine the potential of commercial development for a geographical business area.
- 4.
The time value of money (TVM) explains that one dollar available today is worth more than the same dollar tomorrow, due to its potential earning capacity (money can earn interest).
- 5.
The consumer price index (CPI) measures inflation, the price change of a weighted average basket of consumer goods and services. Changes in CPI give information about the cost of living and purchasing power.
- 6.
Price, Product, Place, Promotion and Prime location.
References
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Rhodes, G. (2014). Qualitative Analyses in the Sales Comparison Approach Revisited. Appraisal Journal. Fall 2014, Vol. 82 Issue 4, pp. 281–294.
Wit, I. (2010). International Diversification Strategies for Direct Real Estate. Journal of Real Estate Finance and Economics. Nov 2010, Vol. 41 Issue 4, pp. 433–457.
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Fourneaux, S. (2017). Luxury & Prime Locations. In: Rigaud-Lacresse, E., Pini, F. (eds) New Luxury Management. Palgrave Advances in Luxury. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-319-41727-1_9
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DOI: https://doi.org/10.1007/978-3-319-41727-1_9
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