The aim of this paper is to forecast the office property returns in Helsinki CBD using both short‐run and long‐run econometric specifications. Real economy, monetary and financial market indicators are included in these specifications to explain the variation in office property returns and...

Purpose – The aim of the present study is to assess the significance of cash flow and profitability survey data in the modelling and forecasting of industrial rents. These data, taken from the British Chambers of Commerce regional surveys of the manufacturing sector, are used as a partial...

This study presents an econometric investigation of office building development in Great Britain. The results show that the cyclical activity in office development, measured by the changes in the office building output series compiled by the Department of the Environment, is explained by the...

This paper extends existing research on European office markets. Using a time-series cross-sectional methodology it examines the influence on office rents in 22 European cities of national economic conditions, market size and measures of economic growth and change in the city economy over the...

This paper presents an econometric investigation of office rent determination in Dublin, a small European market, over the twenty eight year period 1970-1997. Using a single equation specification based on demand and supply interactions, changes in real GDP lagged one period and changes in the...

This paper identifies possible explanations of house extension, based on the literature relating to house improvement and the decision to move. House extension, both as a form of housing market adjustment and as an individual household choice, is examined in a case-study of extension activity in...

This paper argues that the emerging research on territorial competition should be supplemented by an explicit consideration of the role of real property, and property market process, in shaping urban competitiveness. The competitive position of urban areas depends directly on the existing stock...

This paper examines planning delay and identifies the difficulty in establishing an appropriate definition and measure of delay. It then outlines an economic framework for the analysis of delay costs, distinguishing between private costs and the various elements of social cost. It shows that the...