Implementación de las opciones reales en proyectos inmobiliarios

Abstract

The current economic conditions of the country and the moderate growth of the real estate market have generated an environment of uncertainty in the financial evaluation of real estate projects since the very stage of structuring, which has led important project promoters to give up interesting real estate initiatives -- At the same time, it is impossible to deny that the changing conditions of the real estate market affect a project during its execution, forcing investors to incorporate a flexibility component when evaluating their projects financially -- This paper aims to expose the real options methodology as a novel tool that allows real estate investors to manage risk and uncertainty through the implementation of the flexibility component in the financial evaluation of projects