Studies on UK and US property investment markets have historically been portrayed the decision-making process as an exercise in rational analysis. This notion is fundamentally flawed because the concepts of a perfect market and of perfect information used in modelling decision making in the...

Over the last twenty years the private sector has assumed the role of the predominant supplier of buildings in Britain. In 1977 roughly half (49%) of construction new orders were made by the private sector; by 1998 the private sector accounted for more than three-quarters (79%) of all new...

This paper departs from the outcome of three different pieces of recent research by the authors. One used a conceptualisation of a local property market to develop a structural theory for the impact of planning on local business rents and on the behaviour of the wider local economy. Another...

ERES:conference

The paper describes the development and application of physical-financial modelling techniques to the analysis of relations between development design ñ covering the broad characteristics of a scheme, such as land use mix, development density and built form ñ and financial viability. It is...

Despite the recent trend of offshoring branches of UK services industry to remote locations urban theory has yet to enlist a theory of industrial rents that formally takes the properties of substitution between locations into account. This study elaborates on the Fujita, Krugman and Venables...

This paper makes the case for doing research on the history of investment valuation. It adopts a cultural economy approach which suggests that economies and markets are constructed, not given; and that economic practices ñ such as those involving calculations like property investment valuations...