The Economics of Commercial Property Markets

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Author: Michael Ball

ISBN-10: 0415149932

ISBN-13: 9780415149938

Category: Commercial Real Estate

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This new text provides a rigorous analysis of the economics of real estate markets. It goes beyond the often descriptive nature of much property market analysis to focus on important theoretical principles. Booknews 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)

List of figuresList of tablesPrefaceAcknowledgements1Introduction1Pt. 1Microeconomics and commercial property112A model of commercial property markets183User demand and the land market414The location of commercial property765Property supply and institutional analysis105Pt. 2Macroeconomics and the property market1356Property markets and the macroeconomy1437Long-run supply, stability and efficiency1688Property cycles1959Market modelling and forecasting220Pt. 3Financial economics and commercial property25310Property's financial investment characteristics26011Property in investment portfolios28712Indirect investment in property30813International property investment332Notes357References367Author index385Subject index390