The classic property market cycle is conceptualised as a short term adjustment process generated by the interaction of occupation demand, the business cycle, the national credit cycle and supply lags consequent on the development cycle. Within the model yields are a function of the required rate...

This paper addresses two issues about the efficiency of the property market. It has long been argued that as data in the property market is based on valuations it has a tendency toward smoothing or stickiness. The research to date to assess this argument has been based on national perspectives....

The starting point for this paper is the argument that increased weight of money into commercial property in this decade has led to a convergence of UK provincial city office yields. The paper begins by reviewing the concept of a property yield cycle and the notion of a city risk premium, and...

The classic property market boom and bust is conceptualised as a short term adjustment process generated by the interaction of occupation demand, the business cycle, the national credit cycle and supply lags consequent on the development cycle. An alternative perspective views the process...

It has been argued that investors overlook investment opportunities in the real estate markets of the UK outside London. This paper examines the fundamentals of real estate markets in British provincial cities. It analyses the diversification potential for investing and differences in expected...

Contributors -- Glossary -- Introduction : the housing economy and the credit crunch -- The housing boom, the bust and US housing policy -- Housing bubbles and foreclosures that follow : the case of Las Vegas -- Unemployment risk, homeownership, and housing wealth : lessons from the bubble --...