An examination has been made of the performance of a range of medium-size publicly quoted construction firms over the five-year period 1990-1994 including evidence on the competitive nature of construction markets. The results suggest that construction markets are price competitive with mark-ups...

Undeveloped land transactions at the urban fringe of the Melbourne metropolitan area in Australia are recorded in a dataset that enables exploration of the impact of its urban growth boundary (UGB) on residential land prices. Estimation can take account of a wide range of factors, while...

A major justification for urban regeneration partnerships (URPs) is that they provide synergistic benefits for their participants. Some argue that the major beneficiaries will be private-sector agencies. This proposition is examined in the light of evidence from a survey of property-related...

This paper sets out to examine why the modern housebuilding industry is organised in the ways it is and to identify some implications for the wider operation of housing markets. It concentrates on advanced economies and the impacts of market conditions, regulatory constraints, production...

In a recent paper in this journal, Simon Guy and John Henneberry (2000) proposed an institutional approach to property markets that emphasises exceptional behaviour on the part of particular market agents. Using this cultural approach, they claimed to have evidence that London-based property...

Regulatory regimes can influence the structures of the industries being regulated and the residential development industry is no exception. Such industrial effects are often the direct goals of regulation policy but in the case of housebuilding it is a generally unrecognised by-product of...

There is widespread concern about the need to deliver increased housing supply in the UK in order to address problems of affordability. One problem in achieving this is the nature of the planning system. UK housebuilding proposals need to be approved by Local Planning Authorities. The system in...

Interest has grown again in recent years about the long-term and cyclical nature of building investment and its effect on the macroeconomy. This paper investigates the nature of building trends and cycles from the 19th century to the present day for eight major OECD economies. Focusing...