Despite the recent trend of offshoring branches of UK services industry to remote locations urban theory has yet to enlist a theory of industrial rents that formally takes the properties of substitution between locations into account. This study elaborates on the Fujita, Krugman and Venables...

Despite the recent trend of relocating branches of UK services industry to remote locations urban theory has yet to enlist a theory of industrial rents that formally takes the properties of substitution between locations into account. This study elaborates on the Fujita, Krugman and Venables...

Nominal property returns can be broken down into two components: real property returns and inflation. A structural VAR model is proposed to estimate the relationships between nominal property return, real property returns and inflation. Bayesian Methods (Markov Chain Monte Carlo) are used to...

The housing market in the UK has seen a sustained increase in prices in recent years, in common with many international markets. The UK market has however witnessed distinct regional trends in price dynamics. This has been a common factor in the UK market as noted in the many papers that have...

Although partial equilibrium neo-classical models have been established as a theoretical foundation for applied studies in a wide range of markets, but there is a continuing dispute about their effectiveness in the case of commercial real estate. The blame for this indecisiveness is commonly put...

Several empirical studies have examined the volatility of either the components or the whole of real estate returns of different sectors, using data sets from a variety of sources. A number of studies looked in detail into the unconditional distributions of returns, such as Young et al (2006),...

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...

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...

<sc>Halbert</sc> L., <sc>Henneberry</sc> J. and <sc>Mouzakis</sc> F. Finance, business property and urban and regional development, <italic>Regional Studies</italic>. Compared with other factors of production, the supply of business property and its role in urban and regional development has received comparatively little attention....

<sc>Halbert</sc> L., <sc>Henneberry</sc> J. and <sc>Mouzakis</sc> F. The financialization of business property and what it means for cities and regions, <italic>Regional Studies</italic>. The papers in the special issue examine the strategies and practices of investors and their relations with other actors involved in the production of...