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| Author: | Keogh, G. |
| Title: | Use and investment markets in British real estate |
| Journal: | Journal of Property Valuation & Investment
1994 : VOL. 12:4, p. 58-74 |
| Index terms: | PROPERTY DEVELOPMENT INVESTMENT |
| Language: | eng |
| Abstract: | The paper outlines a simple analytical framework for interpreting property market behavior across use, investment and development markets and reviews evidence on market activity over the period 1970-1994. A simple model of rational switching within investment markets appears to be supported by market evidence from the 1970s. However, the 1980s does not support such simple hypotheses and raises questions about the basis of property market behavior. |
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