Real estate development and construction tend to be separate subjects in the literature. But construction is an inevitable part of any property development process and so has a major influence on the institutional structure of development. Markets & Institutions in Real Estate & Construction argues that these structures are best explained as a series of modern economic theories, based on competition and current production technologies.

• offers focus and breadth, and deal with controversial debates
  
• economic arguments made accessible through a non-technical writing style
  
• presents long-run international comparison of property market behaviour
  
• reflects internationalisation of property and construction markets