1 What is the role of the pricing mechanism in the property market?
2 Location theory, static and dynamic views of market value of land, allocation and pricing?
3 Why is it that rental values typically display a cyclical pattern.
4 Assessing relationship between planning and real estate development.
5 Relationship between the user and investment sectors the determinants of investor demand for property assets
6 Discuss how interaction within the property market may occur across property sectors and locations, and between different property interests.
7 Explain market efficiency and the factors that affect the efficient operation of the property market.
8 What factors influence direct property investment demand, and does institutional investor’s requirement vary from one investor to other investors?

Real Estate Economics

Order Description
Strong house price appreciation over a significant number of years is one of the reasons for the government’s commitment to improving housing affordability. The Council of Mortgage Lenders (CML) is concerned with the future of the owner-occupied housing market in Britain. Your firm of property consultants have been commissioned by the CML to provide a report to establish whether recent trends in the housing market imply that concerns with affordability are valid. Your client has requested a presentation of your findings at a meeting to be held in March 2016. In the report you are required to:
1. Provide an overview of recent trends in the British housing market. (i.e. house prices, housing construction, transactions, affordability, gearing levels, housing tenure).

2. Identify the principal drivers of house prices and housing construction in Britain and relate these to short and long-term demand for housing and housing affordability.

3. Provide an overview of the economic outlook for Britain with an emphasis on inter linkages between housing and the economy.

4. Based on this and any other relevant information such as policy developments, make an analytic assessment of the future performance of house prices, housing construction activity in Britain and affordability concerns.