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This new text provides a rigorous analysis of the economics of real estate markets. It goes beyond the often descriptive nature of much property market analysis to focus on important theoretical principles.
List of contents
1. The Economics of Commercial Real Estate, 2. A Model of Commercial Real Estate, 3. User Demand and Land Supply, 4. The Location of Real Estate, 5. Real Estate Supply and Institutional Analysis, 6. Real Estate and the Macroeconomy, 7. Long Run Supply, Stability, and Efficiency, 8. Short Cycles, 9. Market Modelling and Forecasting, 10. Real Estate as a Financial Asset, 11. Real Estate in Investment Portfolios, 12. Indirect Investment Vehicles, 13. International Real Estate Markets
About the author
Michael Ball is Professor of Urban Economics, School of Urban Development and Policy, South Bank University, London.
Colin Lizieri is at University of Reading.
Bryan MacGregor is MacRobert Professor of Land Economy at the University of Aberdeen.
Summary
This new text provides a rigorous analysis of the economics of real estate markets. It goes beyond the often descriptive nature of much property market analysis to focus on important theoretical principles.
Additional text
`Good to see an up-to-date text covering property economics. Useful for both 2nd and final year studies - - Phillip Leverton, Glamorgan University'The book offers a rigorous, coherent and clearly written treatment of its subject area: it is likely to become the standard work in the field.' - John Henneberry, University of Sheffield'This comprehensive and well-written text provides clear evidence of the progress that European real estate research and education has made in recent years...an excellent reference text for all real estate academics and practitioners.' - Pat Hendershott, Ohio State University'This book is a timely and welcome addition in that there is nothing comparable in the literature. It is a critical, comprehensive review which covers micro and macro property markets and provides a detailed examination of the financial economics of property. The authors are to be commended for producing such a well-pitched and wide-ranging study.' - Ken Gibb, University of Glasgow'The authors have done a great service for those who want a comprehensive and readable synthesis of the how and why of the contemporary commercial property market.' - Progress in Human Geography
