Real Estate Economics: A Point-To-Point Handbook

ISBN-13: 9780415676342 / Angielski / Twarda / 2012 / 484 str.

Nicholas Pirounakis

Opis

Real Estate Economics: A point-to-point handbook introduces the main tools and concepts of real estate (RE) economics. It covers areas such as the relation between RE and the macro-economy, RE finance, investment appraisal, taxation, demand and supply, development, market dynamics and price bubbles, and price estimation. It balances housing economics with commercial property economics, and pays particular attention to the issue of property dynamics and bubbles - something very topical in the aftermath of the US house-price collapse that precipitated the global crisis of 2008. This textbook takes an international approach and introduces the student to the necessary 'toolbox' of models required in order to properly understand the mechanics of real estate.

Spis treści

Preface  1. Real Estate (RE): An overview of the sector  2. RE: Tools of analysis  3. RE in the Wider Economy  4. RE Finance: Loans, equity withdrawal, MBSs  5. RE as an Investment Decision  6. Demand for Office – Retail – Industrial Space  7. Housing Demand and Supply  8. Construction Flows and Market Equilibrium  9. RE Taxation  10. Land Uses, Values, and Taxation  11. Housing Market Bubbles  12. RE Performance and Price Measures Epilogue

O autorze

Nicholas G. Pirounakis is Professor of Economics at the American College of Greece (Deree College). He also works as an economic analyst/consultant, and economic writer and journalist.