The Economics of Commercial Property Markets

ISBN-13: 9780415149921 / Angielski / Twarda / 1998 / 416 str.

Michael Ball; Bryan MacGregor; Colin Lizieri

Opis

This text provides an analysis of real estate markets. Empirical examples drawn from Europe, North America, Pacific Rim and emerging markets illustrate the theories and issues discussed. 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; and the financial economics of property. 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.

Spis treści

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

O autorze

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.