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E-grāmata: Planning, Public Policy and Property Markets

Edited by (University of Aberdeen Business School), Edited by (University of Sheffield), Edited by (University of Glasgow)
  • Formāts: PDF+DRM
  • Sērija : Real Estate Issues
  • Izdošanas datums: 15-Apr-2008
  • Izdevniecība: Wiley-Blackwell
  • Valoda: eng
  • ISBN-13: 9781405173049
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  • Formāts: PDF+DRM
  • Sērija : Real Estate Issues
  • Izdošanas datums: 15-Apr-2008
  • Izdevniecība: Wiley-Blackwell
  • Valoda: eng
  • ISBN-13: 9781405173049
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The focus of this book is on how public policy - and especially the planning system - both shapes and reflects the essential characteristics of land and property markets. It challenges the common misconceptions that property markets operate in isolation from public policy and that planning permission is the only significant form of state intervention in the market.





Planning, Public Policy & Property Markets contends that effective state-market relations in land and property are critical to a prosperous economy and a robust democracy, especially at a time when development aims to be sustainable and environmental protection needs to be matched by urban and rural regeneration.









The book thus reflects an increased realisation among academics and practitioners of the importance of theoretical integration and joined-up policy-making. Its rounded perspective addresses a significant weakness in the academic literature and will encourage broader debate and a more pluralist agenda for property research.









Prominent contributors present important new research on different market sectors and policy arenas, including regeneration and renewal, housing growth, housing planning, transport and economic competitiveness, while the editors specifically draw out more general lessons on the dynamic nature of the state/property market relationship in a modern economy.









This book will encourage all those involved in property research who strive for theoretical and practical connectivity to demonstrate that, just as property market operations cannot be analysed without understanding state processes, policy decisions cannot be taken without an appreciation of how the market operates.

Recenzijas

"I found this a very clear and readable book, well categorised into different aspects of the topic ... [ It] should help advance understanding of how the state and the market interact, and thereby improve the effectiveness of the states actions when seeking to influence market outcomes." Planning in London "It is the breadth of approaches and topics that marks the book's distinctive contribution." Housing Studies



"This is a an interesting study and a valuable addition to the literature on property markets." European Spatial Research and Policy Vol. 13, No. 1



"It is a profoundly thought-over study which introduces new insights into not always acknowledged reflections on spatial organisation." European Spatial Research and Policy Vol. 13, No. 2

Preface xi
Acknowledgements xiii
Contributors xiv
Abbreviations xx
Part 1 Introduction
1(14)
Examining Public Policy and Property Markets
3(12)
David Adams
Craig Watkins
Michael White
Introduction
3(2)
The scope of the book
5(1)
Property research and public policy
6(3)
Structure of the book
9(6)
Part 2 Conceptualising Relationships
15(62)
Conceptualising State-Market Relations in Land and Property: The Mainstream Contribution of Neo-Classical and Welfare Economics
17(20)
David Adams
Neil Dunse
Michael White
Introduction
17(2)
Insights on supply, demand and public policy from neo-classical economics
19(12)
Insights on market failure and public policy from welfare economics
31(4)
Conclusions
35(1)
Notes
35(2)
Conceptualising State-Market Relations in Land and Property: The Growth of Institutionalism -- Extension or Challenge to Mainstream Economics?
37(19)
David Adams
Neil Dunse
Michael White
Introduction
37(2)
The institutional framework for land and property market operations
39(1)
New institutional economics
40(4)
The political economy of institutionalism
44(6)
Uncertainty, risk containment and confidence building
50(2)
Conclusions
52(3)
Notes
55(1)
Planning Tools and Markets: Towards an Extended Conceptualisation
56(21)
Steve Tiesdell
Philip Allmendinger
Introduction
56(1)
Understanding `planning'
57(1)
Mainstream economics
58(3)
The political economy of institutionalism
61(2)
A typology of planning tools
63(8)
Market characteristics
71(2)
Conclusions
73(3)
Notes
76(1)
Part 3 Unravelling the Relationships
77(160)
Section 3.1 Modelling Relationships
Modelling Local Housing Market Adjustment in England
79(26)
Glen Bramley
Chris Leishman
Introduction
79(1)
Background
80(3)
Datasets
83(2)
Modelling framework and techniques
85(4)
Estimation of key relationships
89(8)
Policy simulations
97(4)
Conclusions
101(2)
Appendix 5.1 Variable definitions and sources
103(2)
Estimating the Impact of Planning on Commercial Property Markets
105(23)
John Henneberry
Tony McGough
Fotis Mouzakis
Introduction
105(2)
Model development and specification
107(6)
Empirical study and results
113(8)
Conclusions
121(1)
Notes
122(2)
Appendix 6.1 Results
124(4)
Section 3.2 Measurement Issues
UK Roads Policy, Accessibility and Industrial Property Rents
128(20)
Neil Dunse
Colin Jones
Introduction
128(1)
Roads policy and the UK motorway network
129(2)
Transport infrastructure and the spatial economy
131(6)
Measuring the effect of transport investment
137(2)
Hedonic pricing analysis and the impact of the UK motorway network
139(7)
Discussion and policy implications
146(1)
Notes
147(1)
Urban Regeneration, Property Indices and Market Performance
148(19)
Alastair Adair
Jim Berry
Ken Gibb
Norman Hutchison
Stanley McGreal
Craig Watkins
Introduction
148(1)
The urban regeneration policy context
149(3)
Data and research methods
152(3)
Comparing urban regeneration and prime property market performance
155(3)
The total returns index
158(5)
Conclusions
163(4)
Section 3.3 Surveys and Case Studies
Planning for Consumers' New-Build Housing Choices
167(18)
Chris Leishman
Fran Warren
Introduction
167(1)
Planning and new-build housing
168(3)
The new-build housing choice process
171(1)
The housing preference study
172(1)
Overview of the findings
173(4)
Preferences and satisfaction with room layouts and features
177(4)
Density and variety on new-build housing estates
181(2)
Conclusions
183(2)
Planning Obligations and Affordable Housing
185(24)
Sarah Monk
Christina Short
Christine Whitehead
Introduction
185(1)
The research context
186(1)
Research methods
187(1)
How much affordable housing is being provided? Government evidence
188(1)
How is Section 106 operating? Evidence from local authorities
189(4)
What is happening on the ground? Evidence from the local authority case studies
193(10)
Conclusions
203(4)
Notes
207(2)
Reinforcing Commercial Competitiveness through City Centre Renewal
209(28)
Gwyndaf Williams
Stuart Batho
Introduction
209(1)
Urban governance and the entrepreneurial city centre
209(2)
The local governance and development context
211(5)
Mobilising regeneration capacity: the study approach
216(9)
Reinforcing commercial competitiveness
225(6)
Commercial impact of the renewal programme
231(4)
Conclusions
235(2)
Part 4 Conclusions
237(16)
Planning, Public Policy and Property Markets: Current Relations and Future Challenges
239(14)
David Adams
Craig Watkins
Michael White
Introduction
239(2)
What state actors could learn about the market
241(4)
What market actors could learn about the state
245(4)
The evolving research agenda
249(4)
References 253(20)
Index 273


David Adams, Ian Mactaggart Chair of Property and Urban Studies, University of Glasgow.

Craig Watkins, Reader, Department of Town and Regional Planning, University of Sheffield.

Michael White, Lecturer: researching the interaction between policy and property markets; economic analysis of property, University of Aberdeen.