Commercial property cross-market influences [electronic resource] the hypothesis of locational price substitution and empirical evidence from the UK

Mouzakis, Fotis

Commercial property cross-market influences the hypothesis of locational price substitution and empirical evidence from the UK [electronic resource] - London RICS 2006

Investigates how conditions in one local property market may affect other property markets. Traditional analysis of property markets has used fundamental economic relationships that link demand for space with its supply and price, within the borders of the market. However, this research proposes that cross-market influences (the impact of one local property market on another) are an important factor in understanding market structures.

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