This new text provides a rigorous analysis of real estate markets. Three main sections cover:

• microeconomics of property markets
• the macroeconomics of commercial property
• the financial economics of property

Global empirical examples illustrate the theories and issues. This often complex area is made accessible: each chapter contains a boxed summary and questions for self-testing or discussion.

This new text provides a rigorous analysis of real estate markets. Three main sections cover:

• microeconomics of property markets
• the macroeconomics of commercial property
• the financial economics of property

Global empirical examples illustrate the theories and issues. This often complex area is made accessible: each chapter contains a boxed summary and questions for self-testing or discussion.