The property market and the UK economy

2010 ◽  
Keyword(s):  
Property Market ◽  
The Uk

scholarly journals Using GIS to Explore the Potential of Business Rating Data to Analyse Stock and Value Change for Land Administration: A Case Study of York

2020 ◽  
Vol 9 (5) ◽  
pp. 321 ◽  
Author(s):  
Paul Greenhalgh ◽  
Helen King ◽  
Kevin Muldoon-Smith ◽  
Adejimi Adebayo ◽  
Josephine Ellis
Keyword(s):  
City Centre ◽  
Property Market ◽  
Industrial Property ◽  
Rating Data ◽  
Economic Development Policy ◽  
Land Administration ◽  
Relative Value ◽  
Food And Drink ◽  
The Uk ◽  
The City

This study explores the potential of GIS to map and analyse the distribution, stock and value of commercial and industrial property using rating data compiled for the purposes of charging business rates taxation on all non-residential property in the UK. Rating data from 2010, 2017 and 2019, comprising over 6000 property units in the City of York, were filtered and classified by retail, office and industrial use, before geocoding by post code. Nominal rateable values and floor areas for all premises were aggregated in 100 m diameter hexagonal grid and average rateable value calculated to reveal changes in the distribution and value of all employment floorspace in the City over the last decade. Temporospatial analysis revealed polarisation of York’s retail property market between the historic city centre and out-of-town locations. Segmenting traditional retail from food and drink premises revealed growth in the latter has mitigated the hollowing out of the city core. This study is significant in developing a replicable and efficient method of using GIS, using a nationally available rating dataset, to represent changes in the quantum, spatial distribution and relative value of employment floorspace over time to inform local and national land administration, spatial planning and economic development policy making.

The UK Property Market and the Design of Office Buildings

1985 ◽  
Vol 3 (3) ◽  
pp. 27-39
Author(s):  
A.P.J. McIntosh
Keyword(s):  
Office Buildings ◽  
Property Market ◽  
The Uk

The Stylised Facts of the UK Commercial Building Cycles

1997 ◽  
Vol 29 (3) ◽  
pp. 485-500 ◽  
Author(s):  
A J McGough ◽  
S Tsolacos
Keyword(s):  
Commercial Building ◽  
Property Market ◽  
Real Property ◽  
Business Fluctuations ◽  
The United Kingdom ◽  
Modern Business ◽  
Retail Property ◽  
Market Variables ◽  
The Uk ◽  
Over Time

In the present study we undertake a statistical analysis of the cyclical properties of certain economic, financial, and real property-market variables and attempt to establish the stylised facts in relation to the office, industrial, and retail property cycle in the United Kingdom. We build upon the methodology which has been adopted in modern business-cycle research to confirm the cyclical regularities of aggregate variables and business fluctuations across countries and over time. The results of this study establish for certain variables the presence of relative cyclical movements over the phases of the property cycles which conform to theoretical intuition. They also identify cyclical irregularities across property sectors, which the existing property-cycle literature would need to address.

scholarly journals The relevance of inter-market research to knowledge accessibility in property markets: lessons for Nigeria from the UK

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Ndubisi Onwuanyi ◽  
Abiodun Kolawole Oyetunji
Keyword(s):  
Market Research ◽  
Information Source ◽  
Property Market ◽  
Market Knowledge ◽  
Content Type ◽  
Urban Markets ◽  
Market Competitiveness ◽  
The Uk ◽  
Search Approach ◽  
Property Markets

PurposeThis paper explores the relevance of inter-market research to improving knowledge in property markets. It focuses on Nigeria's emergent property market which JLL (2018) suggests is information challenged. Given the country's lack of property data management, it is posited that inter-market studies can help to improve information supply and market knowledge. Inter-market research in Nigeria is compared with the UK's established market where such research is a key information source.Design/methodology/approachAn online database search was used to collate published intra-market and inter-market research on Nigeria's property market between 2009 and 2019. The inter-market research were thereafter examined as to volume and scope (geographical and thematic) and compared with the UK's.FindingsRelative to the UK, the volume as well as scope (geographical and thematic) of inter-market research in Nigeria are respectively far lower and narrower, thereby producing less information overall. Only a few Nigerian studies provide insights of two or more local markets. There is little or no research on many important market issues and other urban markets in the system. This suggests that inter-market research is relatively undeveloped in Nigeria.Research limitations/implicationsThe online search approach used to assemble extant research in the absence of a research repository may have resulted in the omission of some inter-market research undertaken between 2009 and 2019 if these were not published online.Practical implicationsThe dearth of inter-market research in Nigeria suggests an inadequately researched market. This limits market information, market knowledge, suggests a low market competitiveness with implications for development in view of the role of property in the modern economy.Originality/valueIn view of the little attention given to inter-market research in Nigeria, this study draws attention to its potential for improving market knowledge by the production of information which has a wider market relevance.

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