This new text provides a rigorous analysis of real estate markets. Three main sections cover:
- microeconomics of property markets
- the macroeconomics of commercial property
- the financial economics of property
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.
Table of Contents
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
Professor of Urban Economics at the School of Urban Development and Policy, South Bank University, London.
Director of Postgraduate Research and Senior Lecturer in the Department of Land Management and Development at the University of Reading.
MacRobert Professor of Land Economy and Director of the Centre for Property Research in the Department of Land Economy at the University of Aberdeen.