The book explains why the real estate and construction industries are organised in the ways they are and then relates those characteristics to long-term market behaviour. It covers market dynamics - supply and demand; the interaction of property development and construction and examines institutions and market structures. Real estate development and construction tend to be separate subjects in the literature. But construction is an inevitable part of any property development process and so has a major influence on the institutional structure of development. Markets & Institutions in Real Estate & Construction argues that these structures are best explained as a series of modern economic theories, based on competition and current production technologies. offers focus and breadth, and deal with controversial debates economic arguments made accessible through a non-technical writing style presents long-run international comparison of property market behaviour reflects internationalisation of property and construction markets

The book explains why the real estate and construction industriesare organised in the ways they are and then relates thosecharacteristics to long-term market behaviour. It covers marketdynamics - supply and demand; the interaction of propertydevelopment and construction - and examines institutions andmarket structures.Real estate development and construction tend to be separatesubjects in the literature. But construction is an inevitable partof any property development process and so has a major influence onthe institutional structure of development. Markets &Institutions in Real Estate & Construction argues thatthese structures are best explained as a series of modern economictheories, based on competition and current productiontechnologies.* * offers focus and breadth, and deal with controversialdebates* economic arguments made accessible through a non-technicalwriting style* presents long-run international comparison of property marketbehaviour* reflects internationalisation of property and constructionmarkets

1 Prologue.2 An Introduction To The Analysis Of Markets And Institutions InReal Estate And Construction.3 House Price Cycles: Evidence From Recent EuropeanExperience.4 Improving Housing Markets.5 Restructuring Housing Provision In Central And EasternEurope.6 International Comparisons Of Estate Agency/ Real EstateBrokerage Services.7 Spatial Reach In Commercial And Residential Real EstateBrokerage.8 Financial Services, Mortgage Markets And Real EstateBrokerage: An International Survey.9 International Differences In The Housebuilding Industry.10 The Influence Of Size Economies And Planning Regulations OnThe Housebuilding Industry.11 Construction And Real Estate Professions And Practices.12 The Distinctiveness Of Large Construction Firms.13 Multi-Agent Governance In Property-Led UrbanRegeneration.Bibliography.Index.