ABSTRACT
London's office market has developed in the post-1945 era to become one of the world's largest concentrations of such property. In effect, the London office market houses the decision-making centres of government and industry as well as being one of the global centres of the financial services industry. While commercial property is generally regarded as an illiquid asset by investors the London office market is far more liquid than that found in other European cities. In trying to understand London's office market it is first necessary to understand the elements of the market: tenure, investment, actors, information and property development. The case study is of the residential property market in and around the small town of Radlett, in Hertsmere district in the county of Hertfordshire, north of London. Within the urban limits of Radlett, the only new housing possibilities are on small infill sites, or within the curtilage of existing dwellings.
