Planning, Public Policy and Property Markets

“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

The focus of this book is on how public policy – and especially the planning system – both shapes and reflects the essential characteristics of land and property markets. It challenges the common misconceptions that property markets operate in isolation from public policy and that planning permission is the only significant form of state intervention in the market.

Planning, Public Policy & Property Markets contends that effective state-market relations in land and property are critical to a prosperous economy and a robust democracy, especially at a time when development aims to be sustainable and environmental protection needs to be matched by urban and rural regeneration.

The book thus reflects an increased realisation among academics and practitioners of the importance of theoretical integration and ‘joined-up’ policy-making. Its rounded perspective addresses a significant weakness in the academic literature and will encourage broader debate and a more pluralist agenda for property research.

Prominent contributors present important new research on different market sectors and policy arenas, including regeneration and renewal, housing growth, housing planning, transport and economic competitiveness, while the editors specifically draw out more general lessons on the dynamic nature of the state/property market relationship in a modern economy.

This book will encourage all those involved in property research who strive for theoretical and practical connectivity to demonstrate that, just as property market operations cannot be analysed without understanding state processes, policy decisions cannot be taken without an appreciation of how the market operates.