This new text provides a rigorous analysis of real estate markets. Three main sections cover:
Global empirical examples illustrate the theories and issues. This often complex area is made accessible: each chapter contains a boxed summary and questions for self-testing or discussion.
Part 1: Introduction. Prologue 1. Introduction Part 2: The Micro Economics of Property Markets 2. The Consumption of Commercial Property 3. The Location of Commercial Property 4. The Production of Commercial Property 5. Rent in the Commercial Property Market Part 3: The Macroeconomics of Commercial Property 6. Property Macroeconomics 7. Short Cycles in Property Markets 8. Short Term Property Forecasting 9. Property Investment and Economic Growth Part 4: The Financial Economics of Property 10. Property Assets and Investment Vehicles 11. Valuation, Pricing and Performance Measurement 12. Indirect Investment, Finance and Funding of Property 13. International Property Markets Part 5: Conclusions 14. Conclusions