(Real Estate Issues) 1st Edition
by Michael Ball (Author)
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
