000126028 001__ 126028
000126028 005__ 20190317083829.0
000126028 020__ $$a978-0-415-46059-0
000126028 037__ $$aCONF
000126028 245__ $$aTriggers for housing development
000126028 269__ $$a2008
000126028 260__ $$bUniversity of Reading$$c2008$$aReading, UK
000126028 336__ $$aConference Papers
000126028 500__ $$a3 vols
000126028 520__ $$aWhat leads to the development of residential construction projects? If the economic literature is to be believed, developers analyse market opportunities. However, it is difficult to assess those opportunities, for several reasons, e.g. long time horizon for developers who intend to remain owners of the completed dwellings and no coordination between developers. The latter problem concerns particularly developers who intend to sell their project upon completion (market developers). Is housing development really predominantly the result of market analysis? Micro analyses reveal that particular circumstances also play an important role: the availability of a particular piece of land, financing conditions, land regulation, etc. This article is designed to assess the shares of projects that are initiated on the basis of market analysis as opposed to other trigger factors. If that share is small, it is unlikely that house building can be explained or predicted with standard economic models of supply and demand. It also means that macroeconomic housing policy (lowering interest rates, subsidies designed to increase profitability, even rent deregulation) will not be very effective. A unique database was created by surveying 2,257 developers who built multi-unit residential buildings in the 1990s in Switzerland.
000126028 6531_ $$ahousing development
000126028 6531_ $$ahousing policy
000126028 6531_ $$aproperty development
000126028 6531_ $$aSwitzerland
000126028 700__ $$0243046$$g106542$$aThalmann, Philippe
000126028 7112_ $$dJuly 16–18, 2007$$cReading, UK$$aCME 25 Conference ‘Past, Present and Future’
000126028 720_1 $$aHugues, Will$$eed.
000126028 773__ $$j3$$tCME 25 Conference, Proceedings of the Inaugural Construction Management and Economics 'Past, Present and Future' conference$$q1545-1558
000126028 8564_ $$zURL
000126028 8564_ $$uhttps://infoscience.epfl.ch/record/126028/files/Triggers%20for%20housing%20development.pdf$$zn/a$$s122531
000126028 909C0 $$xU10252$$0252124$$pLEURE
000126028 909CO $$qGLOBAL_SET$$pconf$$ooai:infoscience.tind.io:126028$$pENAC
000126028 937__ $$aREME-CONF-2008-002
000126028 973__ $$rREVIEWED$$sPUBLISHED$$aEPFL
000126028 980__ $$aCONF