This book describes in detail how the property market operates, giving a clear picture of the economics of development and the way which development issues are defined by (and in their turn have an effect on) community and individual needs. By describing how the market works and explaining the factors which need to be analysed, the author aims to improve decision-making techniques and machinery.

Introduction. Economic principles, and planning and development. The market for land and built environment. Measuring the planning context. Development and resources. Economic, social and technological factors affecting demand for the built environment. National and regional development. Other national development and planning issues. Settlement structure. Utilization, growth, decline and revival of settlements. Economics of designing and planning built facilities. Maintenance, rehabilitation and replacement. Evaluating development and planning projects. Demand and resource allocation. Economics of the official planning process. Conclusions.