The Resource Real estate economics : a point-to-point handbook, by Nicholas G. Pirounakis

Real estate economics : a point-to-point handbook, by Nicholas G. Pirounakis

Label
Real estate economics : a point-to-point handbook
Title
Real estate economics
Title remainder
a point-to-point handbook
Statement of responsibility
by Nicholas G. Pirounakis
Creator
Subject
Language
eng
Summary
  • "Real Estate Economics: A Point to Point Handbook introduces the main tools and concepts of real estate (RE) economics. It covers areas such as the relation between RE and the macro-economy, RE finance, investment appraisal, taxation, demand and supply, development, and price estimation. It balances housing economics with commercial property economics, and pays particular attention to the issue of property dynamics and bubbles--something very topical in the aftermath of the US house-price collapse that precipitated the global crisis of 2008. This textbook takes an international approach and introduces the student to the necessary "toolbox" of models required in order to properly understand the mechanics of real estate. It combines theory, technique, real-life cases, and practical examples, so that in the end the student is able to:read and understand the majority of RE papers published in peer-reviewed journals make sense of the RE market (or markets)contribute positively to the preparation of economic analyses of RE assets and markets soon after joining any company or other organization involved in RE investing, appraisal, management, policy, or research. The book should be particularly useful to third-year students of economics who may take up RE or urban economics as an optional course; to postgraduate economics students who want to specialize in RE economics; to graduates of management, business administration, civil engineering, planning, and law, who are interested in RE; and to RE practitioners, and students reading for RE-related professional qualifications"--
  • "Real Estate Economics: A Point to Point Handbook introduces the main tools and concepts of real estate (RE) economics. It covers areas such as the relation between RE and the macro-economy, RE finance, investment appraisal, taxation, demand and supply, development, market dynamics and price bubbles, and price estimation. It balances housing economics with commercial property economics, and pays particular attention to the issue of property dynamics and bubbles - something very topical in the aftermath of the US house-price collapse that precipitated the global crisis of 2008. This textbook takes an international approach and introduces the student to the necessary "toolbox" of models required in order to properly understand the mechanics of real estate. It combines theory, technique, real-life cases, and practical examples, so that in the end the student is able to: - read and understand the majority of RE papers published in peer-reviewed journals - make sense of the RE market (or markets) - contribute positively to the preparation of economic analyses of RE assets and markets soon after joining any company or other organization involved in RE investing, appraisal, management, policy, or research. The book should be particularly useful to third-year students of economics who may take up RE or urban economics as an optional course, postgraduate economics students who want to specialize in RE economics, graduates of management, business administration, civil engineering, planning, and law, who are interested in RE; in addition to RE practitioners, and students reading for RE-related professional qualifications"--
Member of
Assigning source
  • Provided by publisher
  • Provided by publisher
Cataloging source
N$T
Dewey number
333.33
Illustrations
illustrations
Index
index present
LC call number
HD1375
LC item number
.P656 2013eb
Literary form
non fiction
Nature of contents
  • dictionaries
  • bibliography
Series statement
Routledge advanced texts in economics and finance
Series volume
20
Label
Real estate economics : a point-to-point handbook, by Nicholas G. Pirounakis
Publication
Antecedent source
unknown
Bibliography note
Includes bibliographical references and index
http://library.link/vocab/branchCode
  • net
Carrier category
online resource
Carrier category code
cr
Carrier MARC source
rdacarrier
Color
multicolored
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Contents
  • Housing market bubbles
  • Learning outcomes
  • 11.1.
  • Asset-price bubbles
  • 11.1.1.
  • Causes of bubbles -- and bursts
  • 11.1.2.
  • The significance of credit
  • 11.2.
  • Why housing market bubbles matter a lot
  • Note continued:
  • 11.3.
  • The US house-price bubble of 2006 -- and its burst
  • 11.4.
  • Planning restrictions and bubbles
  • 11.5.
  • Conventional signs of a bubble
  • 11.6.
  • Consequences of a house-price bubble burst
  • 11.7.
  • Can asset-price bubbles be avoided?
  • 10.10.
  • 11.7.1.
  • Credit is key
  • 11.7.2.
  • Àutomatic stabilizers' as b̀ubble-stoppers'
  • 11.7.3.
  • An example of an àutomatic stabilizer' RE tax
  • 11.8.
  • Expected return, RRR, and house-price volatility
  • 11.8.1.
  • F̀undamental' drivers and market àctors'
  • Economic rent from land
  • 11.8.2.
  • Market àctors' behaviour
  • 11.8.3.
  • A model of housing market volatility
  • 11.8.4.
  • A model of housing market volatility (cont'd)
  • 11.8.5.
  • Concluding remarks
  • Summary of main points
  • Review questions and exercises
  • 10.11.
  • 12.
  • RE performance and price measures
  • Learning outcomes
  • 12.1.
  • Value versus price versus performance
  • 12.2.
  • Main RE performance measures
  • 12.2.1.
  • Money-weighted versus time-weighted performance measures
  • 12.2.2.
  • Appendix: derivation of bid-rent curve and rend-gradient
  • A RE application
  • 12.3.
  • RE price indices: prologue
  • 12.3.1.
  • Price indices versus prices
  • 12.4.
  • The hedonic method
  • 12.4.1.
  • A hedonics example
  • 12.4.2.
  • Summary of main points
  • A semi-logarithmic functional form
  • 12.4.3.
  • Varying the weights
  • 12.4.4.
  • The functional form problem in hedonics
  • 12.5.
  • The repeat-sales method
  • 12.6.
  • The mix-adjustment method
  • 12.7.
  • Review questions and exercises
  • The SPAR method
  • 12.8.
  • Who uses what HPI
  • 12.8.1.
  • Automated Valuation Models
  • 12.9.
  • HPI comparison
  • 12.9.1.
  • Hedonic indices
  • 12.9.2.
  • 11.
  • Repeat-sales indices
  • 12.9.3.
  • Mix-adjustment, or stratification, indices
  • 12.9.4.
  • SPAR indices
  • 12.10.
  • Appendix: hedonics theory
  • Summary of main points
  • Review questions and exercises
Control code
ocn826652777
Dimensions
unknown
Extent
1 online resource (xxviii, 477 pages)
File format
unknown
Form of item
online
Isbn
9781136208454
Level of compression
unknown
Media category
computer
Media MARC source
rdamedia
Media type code
c
Other physical details
illustrations
Quality assurance targets
not applicable
http://library.link/vocab/recordID
.b28148915
Reformatting quality
unknown
Sound
unknown sound
Specific material designation
remote
System control number
  • (OCoLC)826652777
  • taylor0203094646

Library Locations

    • Deakin University Library - Geelong Waurn Ponds CampusBorrow it
      75 Pigdons Road, Waurn Ponds, Victoria, 3216, AU
      -38.195656 144.304955
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