Planning, Public Policy & Property Markets


Planning, Public Policy & Property Markets

In the mass media, the ‘property market’ is where houses are bought and

sold and ‘planning’ is all about the decisions of local authorities to approve

or refuse permission for their construction or subsequent modification.
The concept that some form of public policy may exist to link these
aspects of the economic and political life, directly or indirectly, often
escapes the notice of even experienced commentators. Academics, while
well aware that the commercial property market is as important as the
residential one and that planning is a much broader activity than that of
simply reacting to applications submitted from the private sector, have
tended to concentrate on either state or market activity and pay scant
attention to the richness of state–market interconnections.

This book reflects an increased realisation among academics and practitioners
that, in an era where development is intended to be sustainable and
where environmental protection needs to be matched by urban, rural and
regional regeneration, effective state–market relations in land and property
are critical to a prosperous economy and a robust democracy. This emphasis
on theoretical integration and ‘joined-up’ practical application was
central to the mission of the Department of Land Economy at the University
of Aberdeen, in which we all worked during the period when this book
was in preparation. Among many other projects, it encouraged a successful
collaborative submission from Aberdeen, Cardiff, Sheffield and Ulster
Universities for a new ESRC Seminar Series on Planning and Development.
The first seminar of that new series was held at the Department of Land
Economy in September 2003 and attracted some thirty prominent academics
and practitioners to debate some of the latest research under the theme
of planning, public policy and property markets. Along with some later
invited contributions, this book has emerged from the papers originally
presented at that seminar.


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