Description
Book SynopsisReal-estate development is a highly regulated, high-value industry: this book examines its efficiency, its role in shaping the built environment and its relationship with planning and planners. It considers issues such as the role of the government and property markets and whether it is valid to blame the planning systems for dysfunctional housing markets. It also provides a useful grounding in development companies’ decision-making and how the property-development process, financing and pricing systems operate in a market economy. It explains the UK’s Development Led system and Development Appraisals, before comparing various alternative international systems to see how they treat, or prioritise, real estate and development interests. It questions which policies might lead to high levels of speculative activity and if so, whether this is sustainable, in political, economic or environmental terms. It looks to the future to see whether the planning system can prevent future property bubbles and identifies key lessons and implications for planning and property markets.
Trade Review'As the world emerges from the Covid-19 pandemic, this book provides an invaluable framework to assess the arguments of where planning and development go next.' -- Cliff Taylor * Irish Times *
Table of ContentsChapter 1: Urban policy and its influence on property markets; Chapter 2: Alternative planning systems and their relationships with real estate markets internationally; Chapter 3: Development Led systems and the pivotal role of real estate interests; Chapter 4: Financing and decision-making in Property Development; Chapter 5: Valuation appraisal processes and property market analysis; Chapter 6: Changing spatial dynamics, planning and economics; Chapter 7: Conclusions
