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This new text provides a rigorous analysis of real estate markets. Three main sections cover:microeconomics of property marketsthe macroeconomics of commercial propertythe financial economics of propertyGlobal empirical examples illustrate the theories and issues. This often complex area is made accessible: each chapter contains a boxed summary and questions for self-testing or discussion.
This text investigates the complex economic mechanisms that govern commercial property markets through a structured analytical framework. Authors Bryan MacGregor, Colin Lizieri, and Michael Ball utilize their expertise in real estate economics to synthesize microeconomic, macroeconomic, and financial perspectives. The book provides a comprehensive theoretical foundation supported by global empirical data to explain how these markets function within the broader economy.
What You Will Find
Experts recognize this work as a foundational text for students and professionals seeking a rigorous understanding of property market mechanics. Readers frequently note the academic density of the prose, which is balanced by practical pedagogical features designed to facilitate comprehension of complex financial concepts.
Page Count:
416
Publication Date:
1998-10-01
Publisher:
Routledge
ISBN-10:
0203056108
ISBN-13:
9780203056103
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