ABSTRACT
This book has examined UK real estate investment markets in an economic and econometric analytical framework. The book starts from a descriptive analysis of UK real estate investment markets and their performance over the last two decades. The changing patterns of real estate was studied and the role played by the institutions and real estate companies in the course analysed. Attention has also been paid to the relationships between real estate and other economic and financial sectors. Preliminary but broad statistical figures provided in Part I reveal that the fluctuations in real estate is linked to its economic environment in a variety of ways. This suggests that, on the one hand, the research should not restrain itself to the real estate sector only; and on the other hand, the unique characteristics of real estate should be addressed and investigated more effectively. It has been made clear that further scrutiny is required to gain insights into the crucial relationships and underlying mechanism in the real estate market. This would be achieved by utilising and developing more constructive economic and econometric models and analytical techniques pertinent to the research. These analyses, together with the review on the recent developments in the real estate research literature, outline the issues and set the framework for advanced studies in the following parts of this book.
