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 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...

This paper reassesses the debate around property market efficiency and introduces an institutional perspective. It considers property market efficiency in terms of the specific characteristics of property itself and the processes through which property is used and traded. It argues that the...

Despite the pervasiveness of planning intervention in the land and property market, the economic effects of the planning system have been little researched. While there is a growing body of work addressing this issue in the housing sector, similar work considering the business sector is marked...