Self-regulation in the office property market
Language: English Series: Journal of Property Valuation and Investment ; 11(1) Autumn 1992, 28-40(13)Publication details: 1992Subject(s):- CITY OF LONDON
- CYCLICAL MARKETS
- DEMAND FORECASTING
- INTERVENTION
- INVESTMENT MARKET
- MARKET FAILURE
- PROPERTY-COMMERCIAL PROPERTY-OFFICE PROPERTY-OFFICE PROPERTY MARKET
- OVERSUPPLY
- PLANNING CONTROL
- PROPERTY CYCLES
- PROPERTY MARKET
- SELF-REGULATION
- SUPPLY AND DEMAND
- VACANCY RATES
- PROPERTY-COMMERCIAL PROPERTY-COMMERCIAL PROPERTY FINANCE AND INVESTMENT
| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | ABS47418 (Browse shelf(Opens below)) | 1 | Available | 61869-1001 |
Examines the failure of the City of Lonodn office market over the last thirty years to transmit information on impending oversupply to developers as the market moved towards the top of the demand cycle. The resulting collapse in investment values and the exposure of the banking system to large scale non-performing loans provides a picture of potential destabilising market value. In order to prevent oversupply occuring and thereby secure investment values, a form of self-regulation is proposed. (Journal abstract).