Markets and Institutions in Real Estate and ConstructionISBN: 978-1-4051-1099-0
Paperback
280 pages
September 2006, Wiley-Blackwell
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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