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This book describes in detail how the property market operates,
giving a clear picture of the economics of development and the way
which development issues are defined by (and in their turn have an
effect on) community and individual needs. By describing how the
market works and explaining the factors which need to be analysed,
the author aims to improve decision-making techniques and
machinery.
We need buildings for housing and for the other services they
provide for us and our activities. Our demands stimulate supply,
creating a market. As the market supplies and services these
buildings it makes demands on national resources, changes regional
economies and populations, affects the quality of life and creates
costs and benefits. Planning professionals set out to regulate the
market, sometimes removing imperfections, sometimes creating them.
Their policy decisions need to take account of the likely changes
in industry, technology, life styles and expectations and the
demands they will generate. Because there are never sufficient
resources to meet these demands, hard decisions have to be taken.
It is essential that the decision makers are as well-informed as
possible. This text describes how the market operates, giving a
picture of the economics of development, use and management of the
built environment. The author pays particular attention to the
issues and options for the future, with a view to improving
decision-taking in planning.
This 1973 book contains the results of a research project carried
out at the National Institute between 1966 and 1969 on the
economics of urban form. The effects of size, shape and form on
costs of construction are examined for various model settlements.
The populations of these models, and hence the facilities requires,
are built up from a study of actual towns, existing and planned.
Transport systems are examined, as well as the extra costs and
advantages of expanding an existing settlement rather than
developing on a virgin site. The financing of development and
efficient use of resources is also touched upon. Finally, the
discussion is placed in a nationwide context by consideration of
the possible effects of development on existing towns and cities,
whose viability could be endangered by a cumulative decline in
their population and economic activity.
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