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Markets and Institutions in Real Estate and Construction

ISBN: 978-0-470-75756-7
280 pages
April 2008, Wiley-Blackwell
Markets and Institutions in Real Estate and Construction (0470757566) cover image
The book explains why the real estate and construction industries are organised in the ways they are and then relates those characteristics to long-term market behaviour. It covers market dynamics - supply and demand; the interaction of property development and construction – and examines institutions and market structures.


Real estate development and construction tend to be separate subjects in the literature. But construction is an inevitable part of any property development process and so has a major influence on the institutional structure of development. Markets & Institutions in Real Estate & Construction argues that these structures are best explained as a series of modern economic theories, based on competition and current production technologies.



  • offers focus and breadth, and deal with controversial debates
  • economic arguments made accessible through a non-technical writing style
  • presents long-run international comparison of property market behaviour
  • reflects internationalisation of property and construction markets
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1 Prologue.

2 An Introduction To The Analysis Of Markets And Institutions In Real Estate And Construction.

3 House Price Cycles: Evidence From Recent European Experience.

4 Improving Housing Markets.

5 Restructuring Housing Provision In Central And Eastern Europe.

6 International Comparisons Of Estate Agency/ Real Estate Brokerage Services.

7 Spatial Reach In Commercial And Residential Real Estate Brokerage.

8 Financial Services, Mortgage Markets And Real Estate Brokerage: An International Survey.

9 International Differences In The Housebuilding Industry.

10 The Influence Of Size Economies And Planning Regulations On The Housebuilding Industry.

11 Construction And Real Estate Professions And Practices.

12 The Distinctiveness Of Large Construction Firms.

13 Multi-Agent Governance In Property-Led Urban Regeneration.

Bibliography.

Index.

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Michael Ball is Professor of Urban and Property Economics, Department of Real Estate and Planning, The University of Reading Business School
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* focus, breadth and a whiff of controversy
* non-technical style makes economic arguments accessible
* presents long-run international comparison of property market behaviour
* reflects internationalisation of property and construction markets
See More
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