ABSTRACT
This chapter explores why different investors invest in property, how the property industry has collectively changed the nature, theory and practice of 'property' investment and how all of the above has changed the constitution of the property investment community with which urban planners interact. Under a capitalist mode of production, property rights are mostly commoditised and transferrable, with the vast majority necessarily being held by some person or entity. When P. Healey and S. Barrett were writing, property investment was both part and apart from mainstream institutional investment. We should not forget that urban planning also affects the prospective returns from 'standing' property investments held predominantly for income and capital return in a locality, which are collectively much more significant in value terms. British Property Federations most comprehensive statement on investors' interests in urban planning is laid out in its Planning Manifesto: Making Planning Work.
