Shopping malls in China create a new pseudo-public urban space which is under the control of private or quasi-public power structure. As they are open for public use, mediated by the co-mingling of private property rights and public meanings of urban space, the rise, publicness and consequences of the boom in the construction of shopping malls raises major questions in spatial political economy and magnifies existing theoretical debates between the natural and conventional schools of property rights. In examining these issues this book develops a theoretical framework starting with a critique of the socio-spatial debate between two influential bodies of work represented by the work of Henri Lefebvre and David Harvey. Drawing on the framework, the book examines why pseudo-public spaces have been growing so rapidly in China since the 1980s; assesses to what degree pseudo-public spaces are public, and how they affect the publicness of Chinese cities; and explores the consequences of their rise. Findings of this book provide insights that can help to better understand Chinese urbanism and also have the potential to inform urban policy in China. This book will be of interest to academics and researchers in both Chinese studies and urban studies.

The Client Role in Successful Construction Projects is a practical guide for clients on how to initiate, procure and manage construction projects and developments. This book is written from the perspective of the client initiating a construction project as part of a business venture and differs from most available construction literature which can externalise the client as a risk to be managed by the design team. The book provides a practical framework for new and novice clients undertaking construction, giving them a voice and enabling them to: Understand the challenges that they and the project are likely to face. Communicate and interact effectively with key stakeholders and professionals within the industry. Understand in straightforward terms where they can have a positive impact on the project. Put in place a client-side due diligence process. Reduce their institutional risk and the risk of project failure. Discover how their standard models are able to co-exist and even transfer to a common client-side procedure for managing a construction project. Written by clients, for clients, this book is highly recommended not only for clients, but for construction industry professionals who want to develop their own skills and enhance their working relationship with their clients. A supporting website for the book will be available, which will give practical examples of the points illustrated in the book and practical advice from specialists in the field.

The Client Role in Successful Construction Projects is a practical guide for clients on how to initiate, procure and manage construction projects and developments. This book is written from the perspective of the client initiating a construction project as part of a business venture and differs from most available construction literature which can externalise the client as a risk to be managed by the design team. The book provides a practical framework for new and novice clients undertaking construction, giving them a voice and enabling them to: Understand the challenges that they and the project are likely to face. Communicate and interact effectively with key stakeholders and professionals within the industry. Understand in straightforward terms where they can have a positive impact on the project. Put in place a client-side due diligence process. Reduce their institutional risk and the risk of project failure. Discover how their standard models are able to co-exist and even transfer to a common client-side procedure for managing a construction project. Written by clients, for clients, this book is highly recommended not only for clients, but for construction industry professionals who want to develop their own skills and enhance their working relationship with their clients. A supporting website for the book will be available, which will give practical examples of the points illustrated in the book and practical advice from specialists in the field.

Recent rapid housing market expansion in China is presenting new challenges for policy makers, planners, business people, and citizens. Now that housing in middle-income China is driven by consumer choices and is no longer dominated by state policy decisions, housing policy issues in Chinese cities are becoming increasingly similar to those encountered in other global housing markets. With soaring prices and imbalances in housing supply favoring high income groups and housing demand driven by rising inequality in household incomes, many middle and lower-income households face worsening choices in terms of the quality and location of their housing as well as greater financial difficulties, which together can have negative implications for standards of public health. This book examines the impact of these changes on the general population, as well as on aspiring homeowners and developers. The contributors look at the effect on the widening of wealth gaps, slower economic growth, and threats to political and social stability. Though focusing on China, the editors also present discussions of specific policy design challenges encountered in Australia, Japan, Korea, the Netherlands, the Nordic countries, Singapore, Taiwan, the UK, and the US. This book would be of interest to housing policy makers, as well as academics who are studying the social and political effects of the Chinese housing market.

The ups and downs in housing markets over the past two decades are without precedent, and the costs - financial, psychological, and social - have been enormous. Yet Americans overwhelmingly still aspire to homeownership, and many still view access to homeownership as an important ingredient for building wealth among historically disadvantaged groups. This timely volume reexamines the goals, risks, and rewards of homeownership in the wake of the housing bubble and subprime lending crisis. Housing, real estate, and finance experts explore the role of government in supporting homeownership, deliberate how homeownership can be made more sustainable, and discuss how best to balance affordability, access, and risk, particularly for minorities and low income families. Contributors: Eric S. Belsky (JCHS); Raphael W. Bostic (University of Southern California, USA); Mark Calabria (Cato Institute, USA); Kaloma Cardwell (University of California, Berkeley, USA); Mark Cole (Hope LoanPort); J. Michael Collins (University of Wisconsin - Madison, USA); Marsha J. Courchane (Charles River Associates); Andrew Davidson (Andrew Davidson and Co.); Christopher E. Herbert (JCHS); Leonard C. Kiefer (Freddie Mac); Alex Levin (Andrew Davidson and Co.); Adam J. Levitin (Georgetown University Law Center, USA); Mark R. Lindblad (University of North Carolina at Chapel Hill, USA); Jeffrey Lubell (Abt Associates); Patricia A. McCoy (University of Connecticut School of Law, USA); Daniel T. McCue (JCHS); Jennifer H. Molinsky (JCHS); Stephanie Moulton (Ohio State University, USA); John A. Powell (University of California-Berkeley, USA); Roberto G. Quercia (University of North Carolina at Chapel Hill, USA); Janneke H. Ratcliffe (University of North Carolina, USA); Carolina Reid (University of California-Berkeley, USA); William M. Rohe (University of North Carolina at Chapel Hill, USA); Rocio Sanchez-Moyano (JCHS); Susan Wachter (University of Pennsylvania, USA); Peter M. Zorn (Freddie Mac).

Originally published in 1957. This book applies modern economic theory to the subject of land economics. The author is primarily concerned to show the role of analysis, with the main emphasis on urban real property. The first part discusses the working of the price mechanism in the property market. The second contains an extension and application of the analysis to property taxation and to two kinds of State intervention in the use of property. The chapter on the taxation of site values, for instance, is an original, general equilibrium analysis of the effects of taxation. The chapter on Compensation and Betterment, which ends the book, includes an analysis of recent British experience.

First published in 1991. The connection between housing and work is one of the most discussed yet least understood aspects of modern society. Housing and Labour Markets explores the different ways in which housing and labour are linked and examines their central significance in many of the key changes in society today. It provides a wide-ranging analysis of the relationships between housing and labour markets, with accounts of the different forms of work, paid and unpaid, in which various types of households are engaged. This edited collection addresses the varied impact of restructuring in both housing and labour markets in different localities and regions, including contributions from the USA and Australia. By making an important input into the growing debate over the inks between home and work, this book shows the direction in which the debate should go, draws out the principal lines of connection and suggests a way forward. The issues addressed in Housing and Labour Markets will be of interest to a wide range of social science disciplines, especially urban studies, economics, sociology, geography and planning. Local government officers in housing and planning will also find it makes an invaluable contribution to developing links between housing and the workplace.

Millions of Americans have lost their homes since the start of the recession initiated by the financial crisis of 2008?09. But is the dream of homeownership for America's working families obsolete, an aspiration from a bygone era? "Regaining the Dream" rejects that notion and proposes a way to strengthen the financial system while simultaneously promoting an equitable and viable American homeownership policy.

For the first time, the authors of "Regaining the Dream" offer data-driven evidence on how the mortgage industry can serve working families in the United States, pointing the way to a pragmatic housing policy that promotes the opportunity for sustainable homeownership.

Taking the reader step by step through the lending crisis and what caused it, the authors include useful and clear definitions of terms heard almost daily in news coverage. And they give a fair account of the history behind Fannie Mae and Freddie Mac and the new Dodd-Frank law, explaining what remains to be done to uphold one of the defining characteristics of the American dream.

Dolf de Roos's "Commercial Real Estate Investing" reveals all the differences between residential and commercial investing and shows you how to make a bundle. De Roos explores the different sectors--retail, office space, industrial, hospitality, or specialist--to help you discover which is right for you. He shares key insights on finding tenants and avoiding vacancies, financing large investments, managing property, setting a tax-smart corporate structure, and take full advantage of tax breaks.

Get ready to close on your new career as a real estate agent.

Real Estate License Exams For Dummies is packed with all the information you need to know to get your license and begin your lucrative and rewarding real estate career. With four practice tests and 525 flashcards online, you'll be well on your way to launching the real estate career of your dreams. Plus, there are more practice questions throughout each of the subject review sections in the book, so you can work through all the topics covered on the test. With real estate laws for all 50 states, this is your perfect study guide, no matter where you’re planning to work. Learn the latest on real estate taxes, contracts, mortgage types, and beyond. Then, get test-day tips that will help you succeed.

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• Review everything you need to know to pass your real estate licensing exam
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Looking to start or restart a career in real estate? Real Estate License Exams For Dummies is your guide.

High Rise and Fall tells the story of how the European commercial property industry transformed from a local, small-scale business to an international, financially sophisticated, multi-billion-euro industry that was ultimately devastated by the 2008 crash. Drawing on her experience as both former Editor of EuroProperty and Director at the European Association for Investors in Non-Listed Real Estate Vehicles (INREV), Andrea Carpenter explains how the mid-1990s saw the arrival of a new style of property investing in the European markets. Seeking high returns, impervious to risk and with a seeming indifference to the buildings at the heart of the deals, US players such as Morgan Stanley, Goldman Sachs and Lehman Brothers conquered the European property markets with an audacity that both repulsed and intoxicated the locals. Fuelled by improving economic conditions in the early 2000s, European investors were keen to emulate all or parts of the US investors' philosophy. Armed with a wall of capital, the industry expanded into the far reaches of Europe in search of returns, and piled on new risks that it did not completely understand. In her highly readable style, Carpenter analyses the mistakes made by the industry in the run-up to the crash when billions were wiped off the value of property across the region, and it became clear that in the pursuit of high returns and a place in the wider financial world, the industry had turned its back on the basics - bricks and mortar. This book is aimed at students and younger professionals studying or working in the real estate industry who need to understand the events that shaped the world they are entering into, and the lessons that can be learned from them.

When and why do countries redistribute land to the landless? What political purposes does land reform serve, and what place does it have in today's world? A long-standing literature dating back to Aristotle and echoed in important recent works holds that redistribution should be both higher and more targeted at the poor under democracy. Yet comprehensive historical data to test this claim has been lacking. This book shows that land redistribution - the most consequential form of redistribution in the developing world - occurs more often under dictatorship than democracy. It offers a novel theory of land reform and develops a typology of land reform policies. Albertus leverages original data spanning the world and dating back to 1900 to extensively test the theory using statistical analysis and case studies of key countries such as Egypt, Peru, Venezuela, and Zimbabwe. These findings call for rethinking much of the common wisdom about redistribution and regimes.

Based on a mixture of primary historical research and secondary sources, this book explores the reasons for the failure of the state in England during the twentieth century to regulate, tax, and control the market in land for the common or public good. It is maintained that this created the circumstances in which private property relationships had triumphed by the end of the century. Explaining a complex field of legislation and policy in accessible terms, the book concludes by asking what type of land reform might be relevant in the twenty-first century to address the current housing crisis, which seen in its widest context, has become the new land question of the modern era.

A Guide to Landlord and Tenant Law provides a strong foundation in commercial landlord and tenant, and housing law. The book is designed to provide a complete course text for both undergraduate and postgraduate students from surveying and real estate management backgrounds. This clear and accessible textbook aims to introduce the reader to the fundamentals of both residential and commercial landlord and tenant law by considering the nature of the tenancy and the relationship between the parties. It examines the main elements of the commercial lease including rent, repair, alienation, termination and statutory renewal. The main types of residential tenancy are also considered including: assured and assured shorthold tenancies, secure and Rent Act tenancies and long leasehold enfranchisement. The book aims to familiarise the reader with the contractual documentation as well as the common law and statutory codes which form the basis of landlord and tenant transactions. It contains useful features such as: extracts from the Model Commercial Lease key case summaries, a glossary and chapter summaries further reading lists In addition, students on the Legal Practice Course and Bar Professional Training Course will find this to be a useful supplementary resource as will professional surveyors and lawyers looking for a refresher on the latest landlord and tenant law.

Housing markets were at the centre of the recent global financial turmoil. In this study, a multidisciplinary group of leading housing analysts from the USA, Europe, Asia and Australasia explore the impact of the crisis within and between countries.

Property is more diverse than is usually assumed. Developing the concept of property diversity, this book explores the varied role of property in placed human landscapes. In acknowledging the propertied diversity about us, the book highlights the paucity of our settled contemporary assumptions of property as defined by private ownership. Challenging this universalizing model, the book analyses how this self-limiting view produces critical blind spots in modern property discourse. In response, it offers a re-conceptualization of property that matches the grounded reality of our rich and diverse relationships with land. Integrating the plurality of real property types (private, public and common) with inclusive understandings of both interest and ownership, it thus identifies and substantiates an overarching theory of property diversity. Drawing on studies from numerous jurisdictions, including the USA, New Zealand, Australia, and the UK, its analysis of property as something more - and indeed other - than a place-less abstraction provides an invaluable contribution to the contemporary law and theory of property.

Timely, important and popular subject Integrated view of a complex subject rarely tackled in a holistic way Targeting a lay audience but with enough richness to be of interest to experts Clear writing and approach already tested through Why Architects Matter

In this book, experts discuss how German real estate values have remained stable throughout the financial crisis, even though transaction volumes have been very volatile since 2005. Consequently, risk-averse national and international investors have started to invest in virtually all German real estate asset classes. This book tries to answer what has made the German real estate markets more resilient to shocks than many European real estate markets by analyzing the economic, regulatory and demographic environment. In 30 well-structured chapters, experts from both the academic and professional world analyze structural and current issues of German real estate markets. Readers will get a deep understanding of what makes the German real estate market special and where potential opportunities and threats in Europe's largest real estate market exist.

Regionalism is one of the most debated issues in contemporary Western Europe, yet why the region, instead of the nation-state, is appealed to in certain areas as a compelling formulation of selfhood remains largely unexplored. Drawing on ethnographic information collected in an Alpine valley in Trentino (northern Italy) in the 1990s, The Bounded Field explores issues of national, regional and local identity, and particularly the impact of the advent of regionalist political movements which stress northern Italy's partaking of a 'European culture'. It looks at the ways the ideologies of these movements are accommodated to local-level discourses, and particularly at how a post-peasant society interprets political symbols and other ideological messages emanating from regional, national and other centres. It focuses on how the imagery of the 'bounded field' is used by the inhabitants of an Alpine valley to describe their community in relation to a nation-state perceived as intrusive. identity in Europe, which look at local identity either as an 'invention' of political leaders, or as a concept that is constructed locally independently of outside forces. By examining how local identity is articulated on these different levels, The Bounded Field points to the dialectical process between 'above' and 'below' that accounts for the appeal of specific constructions of local identity. This dialectical process is examined by focusing on how elements of personal experience, ideas about gender, views about landscape, and particularly ideas about private property and community boundaries (expressed by the imagery of the 'bounded field') may form the background against which political issues are debated and understood. In examining this articulation, the book moves beyond a vision of politics as over and above social relations, and provides an alternative to theories of nationalism which take little account of the articulation between nationalist/regionalist ideologies and local-level discourses.

This volume is a follow-up to the earlier "Urban Economics, Volume 2" of "Handbook of Regional and Urban Economics," edited by Edwin Mills. The earlier volume, published in 1987, focussed on urban economic theory. This new handbook, in contrast, focuses on applied urban research. The difference is of course in emphasis. The earlier volume was by no means entirely concerned with theoretical research and this one is by no means entirely concerned with applied research.

There have certainly been important theoretical developments during the last decade, and they are surveyed at appropriate places in this volume. However, there has been an outpouring of high quality applied research in urban economics, as in other specialties. The reasons for the rapid growth of applied research are not difficult to identify; improved theoretical frameworks within which to do applied research; improved econometric techniques and software; more and better data; and, probably most important, ever cheaper computing power, which is being ever more widely distributed within the research community, providing increasingly easy access to and analysis of, data.

Selection and classification of topics to include in this handbook has inevitably depended on the editors' perceptions of subjects on which important research has been undertaken. It has also depended on the availability of authors who were able and willing to write critical surveys of large amounts of international research. An attempt was made to include authors and have them survey research from a variety of countries. However, there is still a US bias in applied urban research, partly related to the availability of data and computers but also to the sheer size of the US research community.

For more information on the Handbooks in Economics series, please see our home page on http: //www.elsevier.nl/locate/hes

A classic textbook that has guided generations of students through the intricacies of property valuation, The Income Approach to Property Valuation remains a keen favourite amongst students and teachers alike. This new edition has been thoroughly revised and updated to meet the increasingly international perspectives of modern Real Estate students. The links between theory and practice are clearly demonstrated throughout, with a range of new international case studies and practice-based examples. The Income Approach to Property Valuation teaches readers: how to analyse market rents and sales prices to derive market evidence to support an opinion of market value; the investment method of valuation and how it is applied in practice; how specific legal factors can impact on market value when they interfere with market forces; what the market and the profession may consider to be the 'right' methodology in today's market place; and how to use spreadsheets in valuation. This extensively revised new edition is perfect both for students on Real Estate courses worldwide and for professional candidates working towards their final assessment of professional competence (APC) for the Royal Institution of Chartered Surveyors, needing to demonstrate a valuation competence at levels 2 and 3.

The creation, accumulation, and use of copious amounts of data are driving rapid change across a wide variety of industries and academic disciplines. This 'Big Data' phenomenon is the result of recent developments in computational technology and improved data gathering techniques that have led to substantial innovation in the collection, storage, management, and analysis of data. Real Estate Analysis in the Information Age: Techniques for Big Data and Statistical Modeling focuses on the real estate discipline, guiding researchers and practitioners alike on the use of data-centric methods and analysis from applied and theoretical perspectives. In it, the authors detail the integration of Big Data into conventional real estate research and analysis. The book is process-oriented, not only describing Big Data and associated methods, but also showing the reader how to use these methods through case studies supported by supplemental online material. The running theme is the construction of efficient, transparent, and reproducible research through the systematic organization and application of data, both traditional and 'big'. The final chapters investigate legal issues, particularly related to those data that are publicly available, and conclude by speculating on the future of Big Data in real estate.

Real Estate and Urban Development in South America uncovers how investors are navigating South American real estate markets in commercial, residential and infrastructure development. A preferred location for real estate development during the colonial era, in recent decades South America has been seen as high-risk for global real estate investors. This book explores the strengths and weaknesses of real estate markets in the region, concluding that with careful implementation of the correct development strategies, the region can once again take its place at the centre stage of global real estate investment. Comparing the economics and market maturity of South American countries in turn, the authors draw out the particular contexts in which investors and developers operate in mature and emerging markets. Bridging the gap between theory and practice, analysis of local development policies, legislation, valuation methods and taxation is supplemented with case studies from key players in the region's major cities. The first full overview of real estate markets in South America, this book will be an essential guide for investors, policy makers, academics and students with an interest in this this rapidly evolving region.