Incluye referencias bibliográficas (páginas 441-465) e índice.

1. Real estate (RE): an overview of the sector ; Learning outcomes ; 1.1. Definition of real estate (RE) ; 1.2. RE subsectors (or submarkets) ; 1.3. The location factor ; 1.4. Location and “authentic” versus “derived” demand for RE ; 1.5.Other characteristics of RE - and wider interactions ; 1.6. Why study RE economics? -- 2. RE: tools of analysis -- Learning outcomes ; 2.1. Mathematical techniques ; 2.2. Economic concepts ; 2.3..Statistical primer: regression, co-integration, Granger causality -- 3. RE in the wider economy -- Learning outcomes ; 3.1. RE in the National Accounts ; 3.2. RE investment and economic growth ; 3.4. The effect of RE prices on the economy ; 3.5. The housing wealth effect (HWE) ; 3.6. Homeownership and the labour market -- 4: RE finance: loans, equity withdrawal, and MBSs -- Learning outcomes -- 4.1. Loans, mortgages, and maths ; 4.2.Forward mortgages: basic loan types ; 4.3. Remortgaging and equity withdrawal ; 4.5. Reverse mortgages in the USA and the UK ; 4.6. Housing finance and homeownership ; 4.7. Mortgage securitization (MS) --- 5. RE as an investment decision ; Learning outcomes ; 5.1. Definition of commercial RE ; 5.2. The language of the market place ; 5.3. Characteristics of investment in RE ; 5.4. A portfolio approach to RE investment ; 5.5. Property valuation ; 5.6. Physical life and economic life ; 5.7. Property derivatives and options -- 6. Demand for office-retail-industrial space -- Learning outcomes ; 6.1.Demand for office space ; 6.2. Demand for retail space 6.3.Demand for industrial space -- 7. Housing demand and supply -- Learning outcomes ; 7.1. Dwelling price versus dwelling rent ; 7.2. Residential demand ; 7.3.Modelling residential demand: a (demanding!) example ; 7.4. Adding supply: an extended model ; 7.5. Determinants of housing demand and supply ; 7.6.A practical example of housing `demand' calculation ; 7.7. Construction, development, and supply changes ; 7.8. A developer's profit maximization problem ; 7.9.What price for land? -- 8. Construction flows and market equilibrium -- Learning outcomes ; 8.1. Capital stock adjustment models (CSAMs) ; 8.2. The DiPasquale - Wheaton (DiPW) model ; 8.3. Summing up the DiPW model ; 8.4. From the DiPW model to a modified CSAM ; 8.5. CSAMs and the role of expectations ; 8.6. The `riddle' of mean reversion ; 8.7. The capitalization factor k in the DiPW model M ; 8.8. RE shocks and cycles -- 8.9. Appendix: a note on difference -- 9. RE taxation -- Learning outcomes ; 9.1. An introduction to taxes and taxation ; 9.2. (In)ability to pay RE taxes ; 9.3. Is it better to tax property or income from it? ; 9.4. Property taxes, income taxes, and growth ; 9.5. Are RE taxes capitalized in RE prices? ; 9.6. Taxation of imputed rental income ; 9.7. Appendix: incidence calculation of an ad valorem tax -- 10. Land uses, values, and taxation -- Learning outcomes ; 10.1. The land-use pattern in a market economy ; 10.2. Land uses as expressions of urban hierarchies ; 10.3 Land uses outwards from a city's core ; 10.4.A firm's bid-rent curve ; 10.5. A household's bid-price curve ; 10.6. How bid-curves help create a land-use pattern ; 10.7. A bid-curve for all land uses in an urban area ; 10.8. Land-value taxation (LVT) ; 10.9. Critical appraisal of arguments favouring LVT ; 10.10. Economic rent from land ; 10.11.Appendix: derivation of bid-rent curve and rend -- 11. Housing market bubbles -- Learning outcomes ; 11.1. Asset-price bubbles ; 11.2. Why housing market bubbles matter a lot ; 11.3. The US house-price bubble of 2006 - and its burst ; 11.4. Planning restrictions and bubbles ; 11.5. Conventional signs of a bubble ; 11.6. Consequences of a house-price bubble burst ; 11.7. Can asset-price bubbles be avoided? ; 11.8. Expected return, RRR, and house-price -- 12. RE performance and price measures -- Learning outcomes ; 12.1. Value versus price versus performance ; 12.2. Main RE performance measures ; 12.3. RE price indices: prologue ; 12.4. The hedonic method ; 12.5. The repeat-sales method ; 12.6. The mix-adjustment method ; 12.7 The SPAR method ; 12.8. Who uses what HPI ; 12.9. HPI comparison ; 12.10.Appendix: hedonics theory.