IDEAS home Printed from https://ideas.repec.org/a/sae/envira/v26y1994i2p177-198.html
   My bibliography  Save this article

Urban Policy and Property Development: The Institutional Relations of Real-Estate Development in an Old Industrial Region

Author

Listed:
  • P Healey

    (Department of Town and Country Planning, University of Newcastle upon Tyne, Newcastle upon Tyne NE1 7RU, England)

Abstract

The impact of public policy on the opportunities available for property development in an urban region and the effect of such policy on the institutional organisation of the property-development sector are examined. Also explored are the problems of generating autonomous private-sector development capacity in a fragile local economy (Tyne and Wear in North East England) experiencing decline in its traditional industrial base, within which active property markets may only exist with respect to certain types of properties and locations. The tension between a financial orientation and a production orientation towards property development is highlighted. During the 1980s, planning and urban policy in Britain promoted the former orientation, but the needs and opportunities of the local economy emphasised the latter. The importance of understanding the specificities of local property-development organisation and relations for the design and evaluation of public policy directed at the property sector is stressed.

Suggested Citation

  • P Healey, 1994. "Urban Policy and Property Development: The Institutional Relations of Real-Estate Development in an Old Industrial Region," Environment and Planning A, , vol. 26(2), pages 177-198, February.
    • Handle: RePEc:sae:envira:v:26:y:1994:i:2:p:177-198
    DOI: 10.1068/a260177
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.1068/a260177
    Download Restriction: no
    File URL: https://libkey.io/10.1068/a260177?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Eamonn D'Arcy & Geoffrey Keogh, 1999. "The Property Market and Urban Competitiveness: A Review," Urban Studies, Urban Studies Journal Limited, vol. 36(5-6), pages 917-928, May.
    2. Ramin Keivani & Ali Parsa & Stanley McGreal, 2001. "Globalisation, Institutional Structures and Real Estate Markets in Central European Cities," Urban Studies, Urban Studies Journal Limited, vol. 38(13), pages 2457-2476, December.
    3. Siân Butcher, 2020. "Appropriating rent from greenfield affordable housing: developer practices in Johannesburg," Environment and Planning A, , vol. 52(2), pages 337-361, March.
    4. Antoine Guironnet & Katia Attuyer & Ludovic Halbert, 2016. "Building cities on financial assets: The financialisation of property markets and its implications for city governments in the Paris city-region," Urban Studies, Urban Studies Journal Limited, vol. 53(7), pages 1442-1464, May.
    5. Tsu Lung Chou & Yu Chun Lin, 2007. "Industrial Park Development across the Taiwan Strait," Urban Studies, Urban Studies Journal Limited, vol. 44(8), pages 1405-1425, July.
    6. Simon Guy & John Henneberry, 2000. "Understanding Urban Development Processes: Integrating the Economic and the Social in Property Research," Urban Studies, Urban Studies Journal Limited, vol. 37(13), pages 2399-2416, December.
    7. Andreas Cebulla, 1995. "Property-Led Regeneration and Job Creation: The Belfast Case," Local Economy, London South Bank University, vol. 10(1), pages 21-32, May.
    8. A R Ghanbari-Parsa & R Moatazed-Keivani, 1999. "Development of Real Estate Markets in Central Europe: The Case of Prague, Warsaw, and Budapest," Environment and Planning A, , vol. 31(8), pages 1383-1399, August.
    9. Anelli, Debora & Tajani, Francesco, 2023. "Spatial decision support systems for effective ex-ante risk evaluation: An innovative model for improving the real estate redevelopment processes," Land Use Policy, Elsevier, vol. 128(C).
    10. Peter Wissoker & Desiree Fields & Rachel Weber & Elvin Wyly, 2014. "Rethinking Real Estate Finance in the Wake of a Boom: A Celebration of the Twentieth Anniversary of the Publication of the Double Issue on Property and Finance in Environment and Planning A," Environment and Planning A, , vol. 46(12), pages 2787-2794, December.
    11. John Henneberry, 1995. "Developers, property cycles and local economic development: The case of Sheffield," Local Economy, London South Bank University, vol. 10(2), pages 163-185, August.
    12. Sun Sheng Han & Yong Wang, 2003. "The Institutional Structure of a Property Market in Inland China: Chongqing," Urban Studies, Urban Studies Journal Limited, vol. 40(1), pages 91-112, January.
    13. É D'Arcy & G Keogh, 1997. "Towards a Property Market Paradigm of Urban Change," Environment and Planning A, , vol. 29(4), pages 685-706, April.
    14. Joe Doak & Nikos Karadimitriou, 2007. "(Re)development, Complexity and Networks: A Framework for Research," Urban Studies, Urban Studies Journal Limited, vol. 44(2), pages 209-229, February.
    15. Qingshu Xie & A.R. Ghanbari Parsa & Barry Redding, 2002. "The Emergence of the Urban Land Market in China: Evolution, Structure, Constraints and Perspectives," Urban Studies, Urban Studies Journal Limited, vol. 39(8), pages 1375-1398, July.
    16. John Henneberry, 1999. "Convergence and Difference in Regional Office Development Cycles," Urban Studies, Urban Studies Journal Limited, vol. 36(9), pages 1439-1465, August.
    17. Jieming Zhu, 1997. "The Effectiveness of Public Intervention in the Property Market," Urban Studies, Urban Studies Journal Limited, vol. 34(4), pages 627-646, April.
    18. Richard Ballard & Siân Butcher, 2020. "Comparing the relational work of developers," Environment and Planning A, , vol. 52(2), pages 266-276, March.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sae:envira:v:26:y:1994:i:2:p:177-198. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: SAGE Publications (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.