This new text provides a rigorous analysis of real estate markets. It goes beyond the often descriptive nature of much property market analysis to focus on important theoretical principles. The book is divided into three main sections, covering:
- microeconomics of property markets
- the macroeconomics of commercial property
- the financial economics of property.
Empirical examples drawn from around the world clearly illustrate the theories and issues discussed. Throughout, the emphasis is on making an often complex area as accessible and readable as possible, with each chapter containing 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, Bibliography.
Tertiary; University or College
Number Of Pages: 416
Published: 26th June 2012
Dimensions (cm): 24.6 x 17.4