A significant amount of real estate research has been directed towards developing empirical models explaining rental growth. This paper develops an error correction mechanism (ECM) model which is built on the general theoretical formulation of the Hendershott <italic>et a.l</italic> (2002a). Income, as measured...

The paper uses planning obligations as a vehicle for exploring the relations between policy, practice and professionalism in planning. The basic character of the British land use planning system has not changed since 1947. However, the inter‐penetration of private market and public welfare...