Models of urban housing markets were originally developed with simplified assumptions including a featureless plain. Urban form in these models is a one dimensional output in the shape of housing density. Subsequent empirical developments using hedonic price modeling and sub-market models have...

The classic property market cycle is conceptualised as a short term adjustment process generated by the interaction of occupation demand, the business cycle, the national credit cycle and supply lags consequent on the development cycle. Within the model yields are a function of the required rate...

Decentralisation of economic activities and population suburbanisation has transformed the spatial structure of cities in the UK over the last thirty years. As part of this process new property forms have evolved including retail parks, out of town shopping centres and office parks. The paper...

The debate in the academic literature about the respective roles of different tenures stimulated in part by Kemenyís pioneering work on home ownership in Sweden, the UK and Australia has focused on distinctions between dual and unitary markets, and latterly the concept of an ëintegrated rental...

This paper will question whether traditional cost approaches apply to the valuation of an airport now that they are no longer public utilities but very much commercial enterprises. In doing so, the research explores the business model, the ownership and the importance of non-aviation business...

This paper addresses two issues about the efficiency of the property market. It has long been argued that as data in the property market is based on valuations it has a tendency toward smoothing or stickiness. The research to date to assess this argument has been based on national perspectives....

British high street shopping centres are suffering high vacancy rates and a large extent of the ‘blame’ is placed on the web. The UK has the greatest proportion of internet sales in the world and there are inevitable implications for existing high street shops, retail parks and out...

The seminal empirical work in this area by Salway (1986) examined the depreciation of rental and capital values of offices and industrial units using the valuation of new and old notional standardised properties at June 1985. Baum (1991) extends the research by considering actual buildings: a...

The paper will discusses the use, logic and the theoretical issues underpinning the definitions of housing market areas (HMAs) and their relationships with labour market areas. Drawing on this understanding, the empirical research generates sets of different potential geographies of HMAs for...

A number of models of sustainable urban form have been promoted but the concept has not been subject to a fundamental review of its theoretical and empirical underpinnings. Sustainable urban form implies an inter-linkage of sound environmental, social and economic foundations. This paper...