Real estate, encompassing housing, land and commercial property, is a key driver of the urban economy-in terms of economic development, the distribution of opportunities across space and through the evolution of the local built environment. Certain aspects of real estate research are not directly related to urban issues but, through finance and investment decisions, for instance, they do have a major bearing on our towns and cities. Thus, a Review Issue on urban real estate is timely and important. This paper both introduces and provides an assessment of the articles within this Review Issue. First, the paper sets the issue in its wider context. Secondly, it then pulls out the main themes from each contribution before elaborating on the cross-cutting themes that emerge from the collected papers taken together. The final main section outlines a forward-looking research agenda for real estate analysis.
Get full access to this article
View all access options for this article.
References
1.
Adams, D. and Watkins, D. (2002) Greenfields, Brownfields and Housing Development . Oxford: Blackwell Science.
2.
Ball, M., Lizieri, C. and Macgregor, B.D. (1998) The Economics of Commercial Real Estate Markets . London: Routledge.
3.
Barr, N. (1998) Economics of the Welfare State, 3rd Edn. Oxford: Oxford University Press.
4.
Begg, I. (Ed.) (2001) Urban Competitiveness . Bristol: Policy Press.
5.
Brown, G.R. and Matysiak, G.A. (2000) Real Estate Investments: A Capital Market Approach . Harlow: Pearson Education.
6.
Chun, G.H., Ciochetti, B.A. and Shilling, J.D. (2000) Pension-plan real estate investment in an asset-liability framework, Real Estate Economics, 28, pp. 467-491.
7.
Craft, T.M. (2001) The role of private and public real estate in pension plan portfolio allocation choices, Journal of Real Estate Portfolio Management, 7, pp. 17-23.
8.
Dipasquale, D. and Wheaton, W. (1996) Urban Economics and Real Estate Markets. New York: Prentice Hall.
9.
Francis, J.C. and Ibbotson, R. (2002) Investments: A Global Perspective. Upper Saddle River, NJ: Prentice Hall.
10.
Friggit, J. (2001) Prix des logements, produits financiers immobiliers et gestion des risques. Paris: Economica .
11.
Geltner, D. (2000) Benchmarking manager performance within the private real estate investment industry, Real EstateFinance, 17, pp. 23-34.
12.
Geltner, D. and Ling, D. (2001) Ideal research and benchmark indexes in private real estate: some conclusions from the RERI/PREA technical report, Real EstateFinance, 17, pp. 17-28.
13.
Geltner, D. and Miller, N.G. (2001) Commercial Real Estate Analysis and Investments . Upper Saddle River, NJ: Prentice Hall.
14.
Gibb, K., Mackay, D. and White, M. (2000) The Role of Property in the Scottish Economy: Report to InsigniaRichard Ellis. Department of Urban Studies, University of Glasgow.
15.
Gordon, J.N. and Havsy, J.R. (1999) Derivatives markets: how far does real estate have to go?, Real EstateFinance, 16, pp. 39-48.
16.
Haurin, D., Parcel, T. and Haurin, R. (2000) The impact of home ownership on child outcomes . Paper presented to the Symposium on Low Income Home Ownership, Harvard University.
17.
Hoesli, M. and Macgregor, B.D. (2000) Property Investment: Principles and Practice of Portfolio Management. Harlow: Longman .
18.
Hu, D. and Pennington-Cross, A. (2000) The Evolution of Real Estate in the Economy. Washington, DC: The Research Institute for Housing America.
19.
Kallberg, J.G., Liu, C.H. and Greig, D.W. (1996) The role of real estate in the portfolio allocation process, Real Estate Economics, 24, pp.359-377.
20.
Kemp, P. (1998) Reforming Housing Benefit, New Economy, 5, pp. 157-162.
21.
Kemp, P. (2000) Housing benefit and welfare retrenchment in Britain , Journal of Social Policy, 29, pp. 263-279.
22.
Ling, D.C. and Naranjo, A. (2002) Commercial real estate return performance: a cross-country analysis, Journal of Real Estate Finance andEconomics, 24, pp. 119-142.
23.
Maclennan, D., Stephens, M. and Kemp, P. (1997) Housing policy in the EU member states. Working Document 14, Social Affairs Series, European Parliament Directorate General for Research. European Parliament: Luxembourg.
24.
Newell, G., Archeampong, P., Juchau, R. ET AL. (2002) An international analysis of real estate journals, Journal of Property Investment and Finance, 20, pp. 454-472.
25.
O' SULLIVAN, A. and Gibb, K. (Eds) (2002) Housing Economics and Public Policy. Oxford: Blackwell Science/RICS Foundation.
26.
Pace, R.K., Sirmans, C.F. and Slawson, V.C. (2002) Automated valuation models, in: K. Wang and M. L. Wolverton (Eds) Real Estate Valuation Theory, pp. 133-156. Boston, MA: Kluwer.
27.
Turok, I. (1992) Property-led regeneration: panacea or placebo, Environment and Planning A, 26, pp. 177-198.
28.
WANG, K. and WoLvERToN, M. L. (Eds) (2002 ) Real Estate Valuation Theory. Boston, MA : Kluwer.
