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Why is property located where it is and how has this process changed in recent years? A number of factors such as social change and technological development, have affected location and these are considered. Value, the way changing patterns are measured, is examined and there is a discussion of rent contours. The book considers location in the retail industry, looking at the theory, hierarchy, clustering and dispersal. The move to out of town sites, with its three waves of decentralisation, is described. Central place theory, dating from the 1930s, is discounted as being obsolete and misleading. Finally the book covers offices, industrial and residential property.
Why is property located where it is and how has this process changed in recent years? This text considers location in the retail industry, looking at the theory, hierarchy, clustering and dispersal.
This book assesses the effects of spatially concentrated programs for housing and neighborhood improvement. These programs provide direct assistance to low-income property owners in an attempt to arrest neighborhood decline and encourage revitalization. The authors used the Harvard Urban Development Simulation Model (HUDS) in evaluating these programs. HUDS, a large-scale computer model, represents the process of housing rehabilitation, the production and consumption of housing services, household moving decisions, and other determinant of neighborhood change. The model simulates the behavior of approximately 80,000 individual households in two hundred residential neighborhoods of various quality levels. Unlike more aggregate models of urban development, HUDS has the capacity to identify how specific housing policies affect individual households as well as particular neighborhoods. Since program evaluations are no better than the models on which they are based, the authors provide sufficient detail to permit those readers primarily interested in the policy analysis to assess the methodology and to understandhow the policies are represented in the model; a more technical discussion of the model is then presented in appendixes. Although the simulations focus on policies that induce central-city property owners to upgrade their properties and thus stimulate revitalization, many of the authors' findings are relevant to larger issues of urban development. For example, the analysis of how housing rehabilitation subsidies affect the investment behavior of nonsubsidized property owners provides insights about the link between initial upgrading and sustained neighborhood improvement. The analysis also demonstrates how differences in location, household, and housing stock characteristics affect a particular neighborhood's responsiveness to a common policy initiative.
If you want to avoid making bad investments in residential real estate, you have to abandon traditional market valuation methods. Their weakness is that they calculate the value of real estate by only selective means rather than over the entire investment cycle. This often leads to incorrect forecasts. With the Dynamic Method, George Salden presents for the first time an instrument that takes the dynamic value development of a property into account and thus creates a better basis for your investment decision-making. Contents: - Overview of valuation and real estate valuation procedures - The dynamic method in detail - The residential property in the capital marketExtra: - Access to the valuation software developed by the author (Testversion)
Access to land and property is vital to people's livelihoods in rural, peri-urban, and urban areas in Africa. People exert tremendous energy and imagination to have land claims recognized as rights with a variety of political, administrative, and legal institutions. This book is dedicated to a detailed analysis of how public authority and the state are formed through debates and struggles over property in the Upper East Region of Ghana. While scarcity may indeed promote exclusivity, the evidence from this book shows that when there are many institutions competing for the right to authorize claims to land, the result of an effort to unify and clarify the law is to intensify competition among them and weaken their legitimacy. The book particularly explores how state divestiture of land in 1979 encouraged competition between customary authorities and how the institution of the earthpriest was revived. Such processes are key to understanding property and authority in Africa.
Why are house prices in many advanced economies rising faster than incomes? Why isn’t land and location taught or seen as important in modern economics? What is the relationship between the financial system and land? In this accessible but provocative guide to the economics of land and housing, the authors reveal how many of the key challenges facing modern economies - including housing crises, financial instability and growing inequalities - are intimately tied to the land economy. Looking at the ways in which discussions of land have been routinely excluded from both housing policy and economic theory, the authors show that in order to tackle these increasingly pressing issues a major rethink by both politicians and economists is required.
Dynamic Analysis of the Urban Economy provides a dynamic analysis of business and residential economic activities in urban areas. This book is organized into four parts encompassing 13 chapters that cover some insights into the dynamic processes of complex urban relationships through construction and analysis of simple dynamic models of the urban economy, as well as the development of the so-called ""dynamic urban economics"" within the framework of general dynamic economics. The Introduction is a preview of the basic ideas about dynamics. This topic is followed by discussion on the theoretical analyses of dynamic urban systems. Part 1 emphasizes the dynamic stability property of spatial equilibrium and its relation to comparative statics. Part 2 considers the effects of various kinds of externalities o n the dynamic property of the urban economy, while Part 3 examines the long-run growth processes of the urban economy and their optimality property. Part 4 looks into the optimal size and configurations of an urban area in connection with agglomeration economies and traffic congestion. This book will be of great value to economic theorists.
A broad general introduction to all essential aspects of logistics and supply chain management, set within the wider business context. The book uses well-developed pedagogy and numerous case studies, guiding the reader through the subject by retaining a strong focus on the application of theory and practical situations.
Selected, peer reviewed papers from the 2012 International Conference on Applied Mechanics and Materials (ICAMM 2012), November 24-25, 2012, Sanya, China