The Economics of Commercial Property Markets / Edition 1

by Michael Ball, Colin Lizieri, Bryan MacGregor

Overview

This new text provides a rigorous analysis of real estate markets. Three main sections cover:

• microeconomics of property markets
• the macroeconomics of commercial property
• the financial economics of property

Global empirical examples illustrate the theories and issues. This often complex area is made accessible: each chapter contains a boxed summary and questions for self-testing or discussion.

Product Details

ISBN-13:	9780415149938
Publisher:	Taylor & Francis
Publication date:	10/01/1998
Edition description:	New Edition
Pages:	416
Product dimensions:	6.12(w) x 9.19(h) x (d)

About the Author

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.

Table of Contents

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

Editorial Reviews

Ball and other British economists provide a study of the economics of property markets for economics students and property professionals alike. They focus on important theoretical principles and include empirical examples to illustrate the theories and issues discussed. The three main sections cover the microeconomics of property markets; the macroeconomics of commercial property; and the financial economics of property. Annotation c. Book News, Inc., Portland, OR (booknews.com)

Booknews

‘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

From the Publisher