This paper develops a tiered geography of local housing market areas (HMAs) that provides a national framework for spatial planning. It is derived from a theoretical understanding of the economic basis of HMAs. The analysis explores the relationships between the tiers of the HMA geography and...

This study identifies housing sub-markets (micro markets) that may be price leaders within local housing market areas and relates their performance to potentially relevant economic factors. This can be important as it provides both policy-makers and market players with a useful barometer...

Most conceptual and applied economic models of the structure of urban office markets have been developed from traditional location theory. In their basic form, these models tend to posit a trade-off between accessibility and space. In the light of changing business practices and...

A major unproven hypothesis in housing economics is that regional ripple effects are caused by household migration between regions. This paper examines household migration and price ripples at the level of local housing markets driven partly by the fact that such migration linkages are likely to...

Redlining in the housing market occurs when building societies explicitly delineate in some way sections of cities where they will not usually grant mortgages. This paper considers redlining as part of the broader question of credit rationing, and derives a number of alternative possible...

The paper assesses the criteria for the success of British urban policy initiatives and concludes that they are too short term. In the search for a long-term measure of success, the paper examines the process of development of new property markets. The concept of sustainable markets is proposed...

The paper assesses the differential impact of property market constraints on the long-run rental trends in each of the commercial and industrial property market sectors. The perceived view that supply constraints are very inelastic in the retail sector, less so for offices and elastic for...

The purpose of this paper is to develop the concept of a housing market area, thereby provide insights into our understanding of the sub-regional structures of the housing system and hence propose a framework for strategic planning research in the housing market. To tackle this task, it is first...

The focus of this paper is the analysis and prediction of local office rents and in particular the development of econometric models for two UK cities, Edinburgh and Glasgow. This paper reviews the current state of modelling and forecasting for office markets and notes the sparsity of urban...