British high street shopping centres are suffering high vacancy rates and a large extent of the ‘blame’ is placed on the web. The UK has the greatest proportion of internet sales in the world and there are inevitable implications for existing high street shops, retail parks and out...

The seminal empirical work in this area by Salway (1986) examined the depreciation of rental and capital values of offices and industrial units using the valuation of new and old notional standardised properties at June 1985. Baum (1991) extends the research by considering actual buildings: a...

The paper will discusses the use, logic and the theoretical issues underpinning the definitions of housing market areas (HMAs) and their relationships with labour market areas. Drawing on this understanding, the empirical research generates sets of different potential geographies of HMAs for...

A number of models of sustainable urban form have been promoted but the concept has not been subject to a fundamental review of its theoretical and empirical underpinnings. Sustainable urban form implies an inter-linkage of sound environmental, social and economic foundations. This paper...

ERES:conference

This paper examines the evolution of the commercial property investment market over the last thirty years. The empirical core of this paper will quantify the changing nature of liquidity and transactions activity in the commercial property investment market in the UK since 1981 based on the IPD...

The paper begins by reviewing a stylised urban commercial property yield cycle. It then considers endogenous and particularly exogenous influences on the cycle including the role of macroeconomic factors such as interest rate changes and the property investment climate. A central issue that is...

Commercial property markets in major cities of the world have experienced significant transformation by the global clamour for incorporation of sustainability in commercial buildings through the introduction of various local and international rating tools. The effect of this trend is the...

The global financial crisis was a sharp shock to real estate markets and while interest rates and government bond yields fell in response around the world, real estate yields (cap rates) have risen. The objective of this paper is to analyse the gap between government bonds (index-linked and long...

There has been a growing awareness of the importance and nature of property cycles. There is now a considerable and growing literature on the subject. However, much of this literature is focussed within individual countries and a review by Pyhrr et al (1999) makes a plea for further research...