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Cultural Explanation of Regional Property Markets: A Critique

Author

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  • Michael Ball

    (Faculty of the Built Environment, South Bank University, Wandsworth Road, London, SW8 2JZ, UK, ballm@sbu.ac.uk)

Abstract

In a recent paper in this journal, Simon Guy and John Henneberry (2000) proposed an institutional approach to property markets that emphasises exceptional behaviour on the part of particular market agents. Using this cultural approach, they claimed to have evidence that London-based property investors deliberately underinvest in British property outside southern England. This paper criticises their dismissal of pre-existing economic and institutional property market analysis and questions the validity of their empirical conclusions.

Suggested Citation

  • Michael Ball, 2002. "Cultural Explanation of Regional Property Markets: A Critique," Urban Studies, Urban Studies Journal Limited, vol. 39(8), pages 1453-1469, July.
    • Handle: RePEc:sae:urbstu:v:39:y:2002:i:8:p:1453-1469
    DOI: 10.1080/00420980220142727
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    References listed on IDEAS

    as
    1. Michael Ball & Sotiris Tsolacos, 2002. "UK commercial property forecasting: the devil is in the data," Journal of Property Research, Taylor & Francis Journals, vol. 19(1), pages 13-38.
    2. M Ball, 1994. "The 1980s Property Boom," Environment and Planning A, , vol. 26(5), pages 671-695, May.
    3. Colin Lizieri & Stephen Satchell, 1997. "Property company performance and real interest rates: a regime-switching approach," Journal of Property Research, Taylor & Francis Journals, vol. 14(2), pages 85-97, January.
    4. Michael Ball, 1998. "Institutions in British Property Research: A Review," Urban Studies, Urban Studies Journal Limited, vol. 35(9), pages 1501-1517, August.
    5. Martin Hoesli & Colin Lizieri & Bryan MacGregor, 1997. "The Spatial Dimensions of the Investment Performance of UK Commercial Property," Urban Studies, Urban Studies Journal Limited, vol. 34(9), pages 1475-1494, August.
    6. Alastair Adair & Jim Berry & Bill Deddis & Stanley McGreal & Geoffrey Keogh & Tony Key, 1998. "Barriers to data sharing in the surveying profession: implications for the commercial property market," Journal of Property Research, Taylor & Francis Journals, vol. 15(4), pages 331-346, January.
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    Cited by:

    1. Joe Doak & Nikos Karadimitriou, 2007. "(Re)development, Complexity and Networks: A Framework for Research," Urban Studies, Urban Studies Journal Limited, vol. 44(2), pages 209-229, February.

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