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Forecasting and Research

  • David Isaac
Chapter
Part of the Macmillan Building and Surveying Series book series (BASS)

Abstract

In their report on commercial property in the UK economy, Currie and Scott (1991) concluded that commercial property represented an important sector of the economy and had a major influence on the rest of the economy. They were surprised that despite this importance, property received relatively little attention from economic commentators and policymakers. A key conclusion of the report was that the current state of statistics in the sector was poor for commercial property, a situation which contrasted with the level of statistical data in the private housing market which was well documented. A number of various areas of research are now being developed. Areas of research sponsored by the RICS include the relationship of property cycles to business cycles. In addition, interest has been created by the opening of Eastern Europe and the property markets in that region. In terms of valuation principles and methods, further research has continued into portfolio investment and the development of existing appraisal methods which are dealt with in more detail below.

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Copyright information

© David Isaac 1998

Authors and Affiliations

  • David Isaac
    • 1
  1. 1.University of GreenwichUK

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