Real Estate Economics: A Point-to-Point Handbook introduces the main tools and concepts of real estate (RE) economics. It covers areas such as the relation between RE and the macro-economy RE finance investment appraisal taxation demand and supply development market dynamics and price bubbles price estimation and policy responses to the current housing crisis including the key role of assetisation and financialisation. It discusses both housing and commercial property economics. This textbook takes an international approach and introduces the reader to the necessary ‘toolbox’ of models required in order to properly understand the mechanics of real estate. It combines theory technique up-to-date real-life cases and practical examples. The second edition has been fully updated to take account of all the latest developments and issues in the field including a stronger societal perspective than was the case in the first edition. It also extends to significant emerging economies (China first and foremost) and other global trends as between ‘developed’ and ‘developing’ economies. Real Estate Economics will be particularly useful to undergraduate students of RE or urban economics and postgraduates who want to specialise in RE economics as well as to RE practitioners and students reading for RE-related professional qualifications. |Real Estate Economics A Point-to-Point Handbook