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"An international approach to the study and teaching of real estate is increasingly important in today's global market. With chapters covering numerous countries and every continent, International Approaches to Real Estate Development introduces real estate development theory and practice to students and professionals in the comparative international context. The book provides readers with a global compendium written by an international team of experts and includes key features such as: Chapters covering: the United States; United Kingdom; Netherlands; Hungary; United Arab Emerites; Bahrain and Qatar; Ghana; Chile; India; China; Hong Kong; and Australia An introduction providing theory and concepts for comparative analysis Discussion and debate surrounding international real estate development in its approach, characteristics, geography, implementation and outcomes A concluding chapter which brings together comparative analyses of the different real estate development case study findings Reflections on the global financial crisis and the new real estate development landscape Further reading and glossary The wide range of case studies and the mix of textbook theory with research mean this book is an essential purchase for undergraduate and postgraduate students of real estate, property development, urban studies, planning and urban economics"--

The importance of the built environment to environmental protection is well established, with strict environmental regulations now a feature of the working lives of planners, contractors, building designers, and quantity surveyors alike. Those new to, or preparing to join this industry must have an understanding of how their environmental responsibilities relate to their professional responsibilities in economic terms. Designed as an introductory textbook, Urban and Environmental Economics: An Introduction provides the background information from these disciplines to understand crucial tools and economic techniques. A broad range of theories of the natural and built environments and economics are explained, helping the reader develop a real understanding of the topics that influence this subject, such as: the history of economic thought on the built environment the economics of shared space in the built environment cost-benefit analysis and discounting macro-economic tools, measures, and policy sustainable development resource valuation. Illustrated throughout, and with lists of further reading in every chapter, this book is ideal for students at all levels who need to get to grips with the economics of the environment within a built environment context. Particularly useful to those studying planning, land economy, environmental management, or housing development.

PurposeThis article is looking to reflect on the various important touchstones of "grand theory" and "big thinkers" that can be framed when engaging empirical evidence in property economics research.Design/methodology/approachThe paper is reflexive in nature, using experiential reflection to consider theory in property economics. The importance of "methodology" is emphasised rather than "method".FindingsUsing reflexive mode, the paper does not have "findings" as such: if the views expressed are accepted, then a research agenda to better understand property economics research is implied.Research limitations/implicationsThe nature of reflection is that it follows from the writer's experiential processes and interpretations. The reader may come from a different stance. Broadly accepting the propositions, there is a call for property economics research to be formulated in reason and logic, particularly as humans do not reason from facts alone. Such reasoned thinking could for example be in the property economic concepts of space and place, contracts and justice, capital and financialisation.Practical implicationsTo engage with such theory would provide some depth of philosophical roots for property as a discipline. Elevating property as a "real-world" discipline rather than simply an applied mathematics discipline.Social implicationsThe paper enables an understanding of how property economics research can benefit from more ontology and more inductive reasoning.Originality/valueThe paper reflects the views and experience of the author based on over 15 years of research in property economics.

PurposeThe technological disruption from artificial intelligence (AI) within the economy requires intelligent property professionals for tomorrow. This paper proposes that the direction of interaction between AI and tomorrow's property professional, the property graduate, should be AI-empowered rather than AI-directed.Design/methodology/approachThe paper reflects on the growing influence of AI in property combined with literature on technological adoption in the workplace. It proposes a way forward in navigating future decision-making.FindingsAn AI-empowered paradigm promotes the importance of industry-specific knowledge to determine factual information in decision-making. In contrast, an AI-directed paradigm leads to over-dominance of the user on pre-specified knowledge available through AI tools that could lead to AI-directed output that carries significant risk for the property industry.Practical implicationsNavigating the future requires a paradigm that moves from a computational focus driven predominantly by technological tools to one where tomorrow's professionals have a cognitive focus that leads to AI-enabled property graduates that can apply the correct tools in the right circumstances.Originality/valueThis paper reflects on the increasing role that technology and AI have within the property profession and brings to light the importance of learning through experience and the transparent use of AI tools in property.

Ten years after the Global Financial Crisis, this research examines how resilience theory and rhetoric relating to the economy and housing markets has been translated into policy and practice. The methodology involves a case study of a city (Auckland) with a nationally dominant housing market and high unaffordability. Via secondary literature and a series of interviews we analyse questions connected to resilience from what, how, by whom, and discuss the implications and limits of the approach. The research demonstrates that resilience policies have focused on providing institutional stability to shock, rather than adaptation or transformation to a state that is less exposed to the systemic risks associated with flows of global capital, debt, and speculative activity. This is related to how the whole concept is vaguely defined. In the absence of guidance, institutions reinterpret resilience in a way that underpins existing market and regulatory logics, such as by increasing capital reserves or lending ratios. As a consequence, the dominant political economy, selected institutions, and to an extent, existing homeowners and speculative investors are privileged in resilience policy. By bringing these selectivities and limits to light we argue for a shift in focus away from an institutional frame to one with a deeper understanding of both the balance of an economy and the wider forces that create and reproduce housing markets.