Housing systems in many countries are now more market-oriented thanever before. This is particularly true of the UK, where there isheightened interest in the ability of the market to deliver newhousing, as well as considerable debate among housing academics andpolicy makers over the extent to which policy instruments can beused to steer market processes. This increased market orientationmeans a greater understanding of market economics is needed.
The challenges of providing affordable housing, whilesimultaneously addressing the problems of low demand housing insome areas, together with the revitalisation of neighbourhoods inneed of renewal, also underline the need for a better understandingof the structure and operation of housing markets at local andneighbourhood level.
This timely contribution to the field addresses the main housingand planning policy challenges in the UK today. It does so byexamining the structure and operation of the urban housing systemand then exploring both conceptual and empirical analyses of theworkings of the market. The authors then consider the lessons forpolicy makers, discussing the limitations of the policy frameworkand considering the strategies for integrating market informationinto the analysis undertaken in practice.
Housing Markets & Planning Policy is an invaluableadvanced text for students of land economy, land management, urbanplanning, housing and urban studies. The authors provide a uniquelydetailed analysis of an important policy area that builds on astrong theoretical basis drawn from housing economics. With thechallenges posed by the instability of the housing market, it willbe of particular interest to academic researchers, policy-makersand housing and planning practitioners.
Colin Jones
Architecture Architektur Business & Management Immobilien u. Grundbesitz Planning Planung Property & Real Estate Wirtschaft u. Management
"For an academic audience, and as a teaching vehicle, the book has much to commend it. There are excellent summaries of many aspects of the application of economic theory to housing and planning issues. This includes very clear expositions of the theory and application of housing market areas, housing submarkets and the dynamics of housing markets. " (Journal of Housing and the Built Environment,
18 April 2011)
"Overall, Housing Markets & Planning Policy is a contribution worth reading, as it addresses the conundrum many planners and policy-makers face across the globe- how to control sprawl by limiting development while also tackling affordability problems by encouraging new building. This book provides much sophisticated food for thought as we enter the new decade." (International Journal of Housing Policy, September 2010)
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