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Urban Regeneration and Sustainable Markets

Author

Listed:
  • Colin Jones

    (DepartmentofLand Economics, University of Paisley, High Street, Paisley PA1 2 BE, Scotland, UK)

  • Craig Watkins

    (Department of Land Economy, Aberdeen University, Aberdeen AB9 1FX, Scotland, UK)

Abstract

The paper assesses the criteria for the success of British urban policy initiatives and concludes that they are too short term. In the search for a long-term measure of success, the paper examines the process of development of new property markets. The concept of sustainable markets is proposed as the ultimate goal of urban policy. To explore the creation of sustainable markets, the paper charts the development of a city-centre housing market in Glasgow created by the Merchant City policy initiative instigated at the beginning of the 1980s. The establishment of new local markets is shown to be a long-term process requiring a period of sustained resale/reletting market activity. The conclusion drawn is that the government has underestimated both the funds required for and the time-dimension to sustainable urban regeneration.

Suggested Citation

  • Colin Jones & Craig Watkins, 1996. "Urban Regeneration and Sustainable Markets," Urban Studies, Urban Studies Journal Limited, vol. 33(7), pages 1129-1140, August.
    • Handle: RePEc:sae:urbstu:v:33:y:1996:i:7:p:1129-1140
    DOI: 10.1080/00420989650011546
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    Citations

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    Cited by:

    1. Iain Begg, 2002. "'Investability': The Key to Competitive Regions and Cities?," Regional Studies, Taylor & Francis Journals, vol. 36(2), pages 187-193.
    2. Thierry Theurillat, 2011. "La ville négociée : entre financiarisation et durabilité," Géographie, économie, société, Lavoisier, vol. 13(3), pages 225-254.
    3. Colin Jones & Jim Brown, 2002. "The Establishment Of Markets For Owner-Occupation Within Public Sector Communities," European Journal of Housing Policy, Taylor and Francis Journals, vol. 2(3), pages 265-292.
    4. Kenneth Gibb & Christian Nygaard, 2005. "The Impact of Buy to Let Residential Investment on Local Housing Markets: Evidence from Glasgow, Scotland," European Journal of Housing Policy, Taylor and Francis Journals, vol. 5(3), pages 301-326, December.

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