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Economics, Real Estate and the Supply of Land

Alan W Evans

  • Format: Book

  • Pages: 272

  • Publisher: Blackwell Publishing

  • Date Published: Jun 2004

  • Stock Code: 37619

  • ISBN: 9781405118620

  • Binding: Paperback

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Description

The standard view appears to be that the owners of land have no interest other than to allow their land to be used for the activity which would yield the highest income. However in reality this is not really the case and the book's aim is to demonstrate this, to set out the reasons and to show the economic effects of the fact that landowners have other motives.

The book covers the supply of land for urban development and shows how land has characteristics which differentiate it from other factors of production which will also affect its supply for some uses, e.g. land is fixed in location and its price and value are inseparable from where it is.

New light is cast on the market for land (by concentrating on the supply side), and on land use planning (by taking an economic viewpoint).

Contents:
Introduction: The Market for Land and Property; Land Values, Rents and Demand; Coping with Changes in Demand; How Efficient is the Property Market?; Market Inefficiency: Causes and Consequences; The Supply of Land for a Particular Use: Speculation and Uncertainty; The Supply of Land for a Particular Use: Occupier Performances and Residential; The Ownership of Land and change in its use; Land Ownership, Politics and Society; Ownership and Control: Monopoly; Ownership and Control: Minimum Rents; Information, Uncertainty and the Property Market; Land Availability and Land Banking; Contiguity: Site Assembly; Contiguity: Compulsory Purchase and the Scale of Development; Contiguity: Land Reallocation and the Price of Land; The Taxation of Land and Development Gains; Annual Taxation and the Nationalisation of Land; Conclusion: Themes and changes in perception.

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