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The 1980s Property Boom

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  • M Ball

    (Department of Economics, Birkbeck College, University of London, London W1P 1PA, England)

Abstract

In this paper the causes and consequences of the property boom of the late 1980s are considered that in one way or another affected most developed economies and several industrialising ones. It is suggested that technical change in key service industries caused an upsurge in building demand from the mid-1970s onwards. Shifts in employment patterns then generated repercussions in housing markets. The classic conditions were created for a ‘Kuznets style’ building cycle. The detailed effects of these changes in specific countries depended on the responses by agents involved in the process of building provision, which in turn were affected by the changing economic and institutional contexts that they faced. Property development, financial liberation, housing markets, property taxation, and land-use planning are all considered in this context, with examples drawn from several countries.

Suggested Citation

  • M Ball, 1994. "The 1980s Property Boom," Environment and Planning A, , vol. 26(5), pages 671-695, May.
    • Handle: RePEc:sae:envira:v:26:y:1994:i:5:p:671-695
    DOI: 10.1068/a260671
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    References listed on IDEAS

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    Citations

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    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. Boon L. Lee & Andrew C. Worthington & Wai Ho Leong, 2010. "Malmquist Indices Of Pre- And Post-Deregulation Productivity, Efficiency And Technological Change In The Singaporean Banking Sector," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 55(04), pages 599-618.
    3. Potjagailo, Galina & Wolters, Maik H., 2023. "Global financial cycles since 1880," Journal of International Money and Finance, Elsevier, vol. 131(C).
    4. John R. Bryson, 1997. "Obsolescence and the Process of Creative Reconstruction," Urban Studies, Urban Studies Journal Limited, vol. 34(9), pages 1439-1458, August.
    5. Michael Ball, 2002. "Cultural Explanation of Regional Property Markets: A Critique," Urban Studies, Urban Studies Journal Limited, vol. 39(8), pages 1453-1469, July.
    6. Michael Ball, 1996. "London and Property Markets: A Long-term View," Urban Studies, Urban Studies Journal Limited, vol. 33(6), pages 859-876, June.
    7. 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.
    8. Michael Ball & Tanya Morrison & Andrew Wood, 1996. "Structures Investment and Economic Growth: A Long-term International Comparison," Urban Studies, Urban Studies Journal Limited, vol. 33(9), pages 1687-1706, November.
    9. Sotiris Tsolacos & Tony McGough, 1999. "Rational Expectations, Uncertainty and Cyclical Activity in the British Office Market," Urban Studies, Urban Studies Journal Limited, vol. 36(7), pages 1137-1149, June.
    10. Fulong Wu, 1998. "The New Structure of Building Provision and the Transformation of the Urban Landscape in Metropolitan Guangzhou, China," Urban Studies, Urban Studies Journal Limited, vol. 35(2), pages 259-283, February.
    11. Roestamy, Martin & Martin, Abraham Yazdi & Rusli, Radif Khotamir & Fulazzaky, Mohamad Ali, 2022. "A review of the reliability of land bank institution in Indonesia for effective land management of public interest," Land Use Policy, Elsevier, vol. 120(C).
    12. John Henneberry, 1999. "Convergence and Difference in Regional Office Development Cycles," Urban Studies, Urban Studies Journal Limited, vol. 36(9), pages 1439-1465, August.
    13. Ayşe Zeynep Aydemir & Tomris Akın, 2024. "Adaptive Reuse of High-Rise Buildings for Housing: A Study of Istanbul Central Business District," Urban Planning, Cogitatio Press, vol. 9.
    14. Bo-sin Tang & Lennon H. T. Choy & Joshua K. F. Wat, 2000. "Certainty and Discretion in Planning Control: A Case Study of Office Development in Hong Kong," Urban Studies, Urban Studies Journal Limited, vol. 37(13), pages 2465-2483, December.
    15. Wright, April, 2002. "The impact of competition on the operations of foreign banks in Australia in the post-deregulation period," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 12(4-5), pages 359-375.

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