The Economics of Urban Property Markets
An Institutional Economics Analysis
Routledge – 2011 – 288 pages
Mainstream urban and real estate economics tend to ignore the supply side of the economy and to undervalue the significant role that the property market plays in the economic development of cities.
The Economics of Urban Property Markets is a cohesive analysis and synthesis of a wide range of factors that determine the regional development of cities. The book draws on institutional economics to explore the mechanisms, processes and dynamics through which the built environment is provided, and considers how these affect urban economic potential. The author advances the argument that the property market as an institution is a mediator through which economic potential can be realised and served.
This book is an invaluable resource for all students on urban and regional economics and built environment courses.
1. Introduction Part 1: Property Market and Urban Dynamics: A Conceptual Framework 2. Philosophies of Social Sciences and Analytical Frameworks in Economic Thought 3. Urban Economic Transformation and Property Market Analysis 4. Methodological Developments I: Philosophical Position and Conceptual Framework 5. Methodological Developments II: The Research Approach Part 2: The Madrid Property Market: An Illustrative Case Study Analysis 6. A Property Market Approach to Urban Economic Growth 7. The Wider Institutional Environment of Madrid 8. The Property Market as Institution Part 3: Synthesis 9. Overview and Conclusions