Housing market commentary is full of received wisdom which is not all that wise. There are issues that remain unconsidered, even taboo.

The Professor

Our professorial contributors illuminate the latest academic research in real estate and economic policy
Housing market commentary is full of received wisdom which is not all that wise. There are issues that remain unconsidered, even taboo.
As UK Government deadlines approach, the topic of Energy Performance Certificates (EPCs) has featured more prominently in industry commentary. Some in the sector may have sensed...
Steven Reid, Secretary of State for the Environment, said at the recent Oxford Farming Conference that food security is national security. Unfortunately, government policies are...
In teaching property market economics, we try to emphasise the importance of dynamic interactions across markets. In the occupier market, businesses compete for space, with...
Like all economies, the UK needs better infrastructure in order to function more efficiently. It also needs more infrastructure in order to provide more people with essential...
Discounted cash flow (DCF) modelling seems to be emerging as a mainstream valuation procedure in the United Kingdom. The November 2023 RICS paper “calls for…greater consideration...
“The only constant is change, everything else is a variable” Heraclitus, 535 BC. The mantra above is one of my favourite quotes which I have referenced throughout my real estate...
In the last Property Chronicle, we considered a simple conceptual framework for assessing market mispricing. This involved comparing the market cap rate (K) with a cap rate...
The decision by the Bank of England’s rate-setting committee to reduce Bank Rate from 5.25% to 5% on 31 July was clearly a nail-biting affair, succeeding by the narrowest of...
Centuries are a bit like late-blooming teenagers; they don’t really develop their full character until their mid-twenties. The electric, modern age of the 20th century didn’t...