Planning, Public Policy and Property Markets

David Adams, Ian Mactaggart Chair of Property and Urban Studies, University of Glasgow.Craig Watkins, Reader, Department of Town and Regional Planning, University of Sheffield.Michael White, Lecturer: researching the interaction between policy and property markets; economic analysis of property, University of Aberdeen.

• PrefaceAcknowledgementsContributorsAbbreviationsPart 1: Introduction1 Examining Public Policy and Property MarketsDavid Adams, Craig Watkins and Michael WhiteIntroductionThe Scope of The BookProperty Research and Public PolicyStructure of the Book Part 2: Conceptualising Relationships2. Conceptualising State-Market Relations in Land and Property: The Mainstream Contribution of Neo-Classical and Welfare EconomicsDavid Adams, Neil Dunse and Michael WhiteIntroductionInsights on Supply, Demand and Public Policy from Neo-Classical EconomicsInsights on Market Failure and Public Policy from Welfare EconomicsConclusionsNotes.3. Conceptualising State-Market Relations in Land and Property: The Growth of Institutionalism – Extension or Challenge to Mainstream Economics?David Adams, Neil Dunse and Michael WhiteIntroductionThe Institutional Framework for Land and Property Market OperationsNew Institutional EconomicsThe Political Economy of InstitutionalismUncertainty, Risk Containment and Confidence BuildingConclusionsNotes4. Planning Tools and Markets: Towards an Extended ConceptualisationSteve Tiesdell and Philip AllmendingerIntroductionUnderstanding 'Planning'Mainstream EconomicsThe Political Economy of InstitutionalismA Typology of Planning ToolsMarket CharacteristicsConclusionsNotesPart 3: Unravelling the RelationshipsSection 3.1: Modelling Relationships5. Modelling Local Housing Market Adjustment in EnglandGlen Bramley and Chris LeishmanIntroductionBackgroundDatasetsModelling Framework and TechniquesEstimation of Key RelationshipsPolicy SimulationsConclusionsAppendix 5.1: Variable Definitions and Sources6. Estimating the Impact of Planning on Commercial Property MarketsJohn Henneberry, Tony McGough and Fotis MouzakisIntroductionModel Development and SpecificationEmpirical Study and ResultsConclusionsNotesAppendix 6.1: ResultsSection 3.2: Measurement Issues7. UK Roads Policy, Accessibility and Industrial Property RentsNeil Dunse and Colin JonesIntroductionRoads Policy and the UK Motorway NetworkTransport Infrastructure and the Spatial EconomyMeasuring the Effect of Transport InvestmentHedonic Pricing Analysis and the Impact of the UK Motorway NetworkDiscussion and Policy ImplicationsNotes8. Urban Regeneration, Property Indices and Market PerformanceAlastair Adair, Jim Berry, Ken Gibb, Norman Hutchison, Stanley McGreal and Craig WatkinsIntroductionThe Urban Regeneration Policy ContextData and Research MethodsComparing Urban Regeneration and Prime Property Market PerformanceThe Total Returns IndexConclusionsSection 3.3: Surveys and Case Studies9. Planning for Consumers' New-Build Housing ChoicesChris Leishman and Fran WarrenIntroductionPlanning and New-Build HousingThe New-Build Housing Choice ProcessThe Housing Preference StudyOverview of the FindingsPreferences and Satisfaction with Room Layouts and FeaturesDensity and Variety on New-Build Housing EstatesConclusions10. Planning Obligations and Affordable HousingSarah Monk, Christina Short and Christine WhiteheadIntroductionThe Research ContextResearch MethodsHow Much Affordable Housing is Being Provided? Government EvidenceHow is s106 Operating? Evidence from Local AuthoritiesWhat is Happening on the Ground? Evidence from the Local Authority Case studiesConclusions11. Reinforcing Commercial Competitiveness Through City Centre RenewalGwyndaf Williams and Stuart BathoIntroductionUrban Governance and the Entrepreneurial City CentreThe Local Governance and Development ContextMobilising Regeneration Capacity: The Study ApproachReinforcing Commercial CompetitivenessCommercial Impact of the Renewal ProgrammeConclusionsSection 4: Conclusions12. Planning, Public Policy and Property Markets: Current Relations and Future ChallengesDavid Adams, Craig Watkins and Michael WhiteIntroductionWhat State Actors Could Learn About the MarketWhat Market Actors Could Learn About the StateThe Evolving Research AgendaReferencesIndex

"I found this a very clear and readable book, well categorised into different aspects of the topic ... [It] should help advance understanding of how the state and the market interact, and thereby improve the effectiveness of the state’s actions when seeking to influence market outcomes." Planning in London "It is the breadth of approaches and topics that marks the book's distinctive contribution." Housing Studies "This is a an interesting study and a valuable addition to the literature on property markets." European Spatial Research and Policy Vol. 13, No. 1 "It is a profoundly thought-over study which introduces new insights into not always acknowledged reflections on spatial organisation."European Spatial Research and Policy Vol. 13, No. 2