Planning, Public Policy & Property Markets

Description

The focus of this book is on how public policy - and especially the planning system - both shapes and reflects the essential characteristics of land and property markets. It challenges the common misconceptions that property markets operate in isolation from public policy and that planning permission is the only significant form of state intervention in the market.Planning, Public Policy & Property Markets contends that effective state-market relations in land and property are critical to a prosperous economy and a robust democracy, especially at a time when development aims to be sustainable and environmental protection needs to be matched by urban and rural regeneration.The book thus reflects an increased realisation among academics and practitioners of the importance of theoretical integration and ‘joined-up’ policy-making. Its rounded perspective addresses a significant weakness in the academic literature and will encourage broader debate and a more pluralist agenda for property research.Prominent contributors present important new research on different market sectors and policy arenas, including regeneration and renewal, housing growth, housing planning, transport and economic competitiveness, while the editors specifically draw out more general lessons on the dynamic nature of the state/property market relationship in a modern economy.This book will encourage all those involved in property research who strive for theoretical and practical connectivity to demonstrate that, just as property market operations cannot be analysed without understanding state processes, policy decisions cannot be taken without an appreciation of how the market operates.Content: Chapter 1 Examining Public Policy and Property Markets (pages 1–13): David Adams, Craig Watkins and Michael WhiteChapter 2 Conceptualising State?Market Relations in Land and Property: The Mainstream Contribution of Neo?Classical and Welfare Economics (pages 15–36): David Adams, Neil Dunse and Michael WhiteChapter 3 Conceptualising State–Market Relations in Land and Property: The Growth of Institutionalism – Extension or Challenge to Mainstream Economics? (pages 37–55): David Adams, Neil Dunse and Michael WhiteChapter 4 Planning Tools and Markets: Towards an Extended Conceptualisation (pages 56–76): Steve Tiesdell and Philip AllmendingerChapter 5 Modelling Local Housing Market Adjustment in England (pages 77–104): Glen Bramley and Chris LeishmanChapter 6 Estimating the Impact of Planning on Commercial Property Markets (pages 105–127): John Henneberry, Tony McGough and Fotis MouzakisChapter 7 UK Roads Policy, Accessibility and Industrial Property Rents (pages 128–147): Neil Dunse and Colin JonesChapter 8 Urban Regeneration, Property Indices and Market Performance (pages 149–166): Alastair Adair, Jim Berry, Ken Gibb, Norman Hutchison, Stanley McGreal and Craig WatkinsChapter 9 Planning for Consumers' New?Build Housing Choices (pages 167–184): Chris Leishman and Fran WarrenChapter 10 Planning Obligations and Affordable Housing (pages 185–208): Sarah Monk, Christina Short and Christine WhiteheadChapter 11 Reinforcing Commercial Competitiveness through City Centre Renewal (pages 209–236): Gwyndaf Williams and Stuart BathoChapter 12 Planning, Public Policy and Property Markets: Current Relations and Future Challenges (pages 237–251): David Adams, Craig Watkins and Michael White