Property markets are considered efficient when the market price of a transacted property equates with its market worth. If this condition holds then identical properties should sell or let for the same price. However, properties are heterogeneous, and information and operational constraints...

ERES:conference

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...

ERES:conference

This paper reports the results from the first stage of a research project that examines changes in urban office occupiers’ space requirements and their impact on the structure of urban office markets. The specific objectives of the project are to compare occupiers’ trade‐offs and...

Enterprise zones (EZs) were originally set up in the United Kingdom in 1980 as experiments to stimulate free enterprise, and located in areas that had suffered significant employment loss. Unlike their namesakes elsewhere in the world British EZs are essentially property led local economic...