Urban Economy
Real Estate Economics and Public Policy

Urban Economy: Real Estate Economics and Public Policy analyses urban economic change and public policy in a more practical way than a typical urban economics book. The book has a distinctive framework that considers the underlying reasons, and the consequences of urban change for real estate investors and policy makers.

Part 1 covers the basics of urban economics and real estate markets, including housing and commercial. Part 2 looks at the reformulation of urban systems and the reasons why. It then considers the consequences for real estate markets and investment of decentralisation forces and emerging technology. The issues that arise for urban public policy are then discussed, notably transport policies, public finance and sustainability, before a chapter examining housing neighbourhood and housing market dynamics and a shift from spatial change to regeneration. Part 3 reverses the dominant perspective of Part 2 to assess the effectiveness of how property led policies can positively influence a local economy and urban regeneration. The chapters consider several important policy questions and constraints and draw on a number of case studies that illustrate the benefits and drawbacks.

The book includes chapter objectives, self-assessment questions, chapter summaries, learning outcomes, case studies, global data and statistics and is a new textbook for core courses in urban economics and real estate economics on global Real Estate, Planning and related degree courses.

1. Introduction PART 1: Spatial Pattern of Economic Activity 2. Location of Economic Activity 3. Spatial Agglomeration 4. Spatial Structure of Towns and Cities 5. Spatial Structure of the Housing Market 6. Planning and Land Market 7. Urban Housing Markets 8. Urban Commercial Real Estate Markets PART 2: Spatial Change and Public Policy 9. Growth, Decline and Revival of Cities 10. Explaining Intra-Urban Economic Change 11. Changing Urban Systems 12. Real Estate Impacts of Urban and Technological Change 13. Real Estate Investment, Planning and Urban Economic Change 14. Urban Public Finance 15. Transport Policies 16. Urban Sustainability 17. Neighbourhood and Housing Market Dynamics PART 3: Regeneration and Urban Growth Policies 18. Urban Regeneration Policies 19. Urban Competitiveness and the Real Estate Market 20. Physical and Housing Led Urban Regeneration 21. Enterprise Zones: Real Estate Led Regeneration 22. Urban Development Corporations: A Costless Solution? 23. Development of Sustainable Markets

Colin Jones is an urban economist who has beena professor at Heriot-Watt University since 1998. He formerly worked at the Universities of Manchester, Glasgow and the West of Scotland. His research interests span commercial, industrial and housing market economics, investment and policy together with the macroeconomy and local economic development. Colin has edited or authored eight books, published more than seventy papers in academic journals and has taught urban economics and real estate investment at undergraduate and postgraduate levels for more than 40 years.