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Table of contents

  1. Front Matter
    Pages i-xviii
  2. Introduction

    1. W. D. Fraser
      Pages 1-4
  3. Principles of Investment and Asset Pricing

    1. Front Matter
      Pages 5-5
    2. W. D. Fraser
      Pages 7-17
    3. W. D. Fraser
      Pages 29-44
    4. W. D. Fraser
      Pages 56-66
    5. W. D. Fraser
      Pages 67-77
    6. W. D. Fraser
      Pages 78-87
    7. W. D. Fraser
      Pages 88-97
  4. Property Investments — Prices and Yields

    1. Front Matter
      Pages 99-99
    2. W. D. Fraser
      Pages 110-125
    3. W. D. Fraser
      Pages 126-148
    4. W. D. Fraser
      Pages 149-166
  5. The Determination of Rental Value

    1. Front Matter
      Pages 167-167
    2. W. D. Fraser
      Pages 169-181
    3. W. D. Fraser
      Pages 198-218
  6. The Theory and Finance of Property Development

    1. Front Matter
      Pages 219-219
    2. W. D. Fraser
      Pages 221-244
    3. W. D. Fraser
      Pages 245-255
    4. W. D. Fraser
      Pages 256-274
  7. Property Investors and Property Pricing

    1. Front Matter
      Pages 275-275
    2. W. D. Fraser
      Pages 277-283
    3. W. D. Fraser
      Pages 284-305
    4. W. D. Fraser
      Pages 306-314
    5. W. D. Fraser
      Pages 315-322
  8. Government Intervention in the Property Market

    1. Front Matter
      Pages 323-323
  9. A Post-War History of the Property Market

    1. Front Matter
      Pages 337-337
    2. W. D. Fraser
      Pages 339-344
    3. W. D. Fraser
      Pages 345-356
    4. W. D. Fraser
      Pages 357-376
  10. Back Matter
    Pages 377-393

About this book

Introduction

This book is a comprehensive analysis of property investment and the market's determination of commercial property values and investment performance. The author examines the economic forces that operate in the property market by placing property in the context of the overall investment market and the local, national and international economies. Relevant concepts and principles of economics, investment and finance are identified; these are then used to explain the operation of the property market and property price determination. The text begins with a study of the stock market, identifying the principles and forces which explain the price determination of stocks and shares. These principles are then applied to commercial property investments and a simple theory is developed. The three major sectors of the property market (letting, development and investment) are then analysed in depth, and the pricing theory is reviewed. After an examination of the influence of government intervention, the subject is synthesised by detailed studies of three of the most turbulent periods in the history of the post Second World War property market in the UK. In this second edition, both the text and illustrative examples have been updated. The theory of the market's determination of rental values and yields have been substantially revised and developed. A new chapter, discussing the 1980s property boom and the 1990s collapse, has been added.

Keywords

development history model reading risk Thatcher

Authors and affiliations

  • W. D. Fraser
    • 1
  1. 1.Department of Land EconomicsUniversity of PaisleyUK

Bibliographic information