Economic explanations of real estate issues such as development, investment and policy-making are introduced in this text. It is written in a non-technical way, covering residential and commercial property markets, and includes empirical data, examples, case studies, market reports and summaries of latest research.

Table of Contents

PART I: THE ECONOMIC FRAMEWORK The Scope of Economics Economic Efficiency PART II: LAND AND PROPERTY IN THE ECONOMY Real Estate Markets Land and Property Price Determination Residential Property Markets The Cyclical Nature of Real Estate Markets PART III: PROPERTY DEVELOPMENT The Development Process Redevelopment Development Finance Urban Regeneration and Urban Problems Cost-benefit Analysis of Development Projects The Economics of Planning Regulation The Economics of the Construction Industry Sustainable Development and 'Green Building' Contaminated Land and Brownfield Development PART IV: REAL ESTATE INVESTMENT Investment in UK Land and Property The UK Commercial Property Market International Real Estate Markets PART V: THE GOVERNMENT AND REAL ESTATE Regional Policy in the UK and Europe The Impact of Government Policy on Real Estate Government Ownership of Real Estate Taxation of Real Estate

About the Author

ERNIE JOWSEY is Principal Lecturer in Economics at School of Environment and Development at Sheffield Hallam University. Previous publications include Urban Planning, 6th Edition and Modern Economics, 8th Edition both co-written with Jack Harvey.

Reviews

'This is the best basic economics text for real estate students. It presents economic concepts and tools in a simple, readable way, and their applications give students insight into a comprehensive range of real estate phenomena and processes.' Colin Jones, Professor of Estate Management, Heriot-Watt University 'An engaging and timely publication, which brings the subject to life in a comprehensive and accessible way.' Dr Lulu Wang, School of the Built and Natural Environment, Northumbria University