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Exploring the ‘Notional Property Developer’ as a Policy Construct

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  • David Adams
  • Robert Croudace
  • Steve Tiesdell

Abstract

This paper explores how far policy-makers understand the structure of the development industry, the perceived characteristics of developers and the extent to which such actors can be considered policy-responsive. If these matters are poorly understood, the effectiveness of planning policy may be undermined, especially where the private sector is responsible for undertaking most development. The paper is based upon empirical research on the Scottish Executive’s perceptions of, and policy stances towards developers between 1999 and 2007. It finds that the Executive appeared to have only limited understanding of what drives the development process or motivates individual developers and seemed unfamiliar with important differences within the industry, sectorally and geographically. Instead, ‘the notional property developer’ was incorrectly conceived as a malleable and potentially compliant partner with shared objectives to the State. The paper calls for a more thorough understanding of the development industry as a prerequisite to effective urban policy-making.

Suggested Citation

  • David Adams & Robert Croudace & Steve Tiesdell, 2012. "Exploring the ‘Notional Property Developer’ as a Policy Construct," Urban Studies, Urban Studies Journal Limited, vol. 49(12), pages 2577-2596, September.
    • Handle: RePEc:sae:urbstu:v:49:y:2012:i:12:p:2577-2596
    DOI: 10.1177/0042098011431283
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    References listed on IDEAS

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    1. Bulan, Laarni & Mayer, Christopher & Somerville, C. Tsuriel, 2009. "Irreversible investment, real options, and competition: Evidence from real estate development," Journal of Urban Economics, Elsevier, vol. 65(3), pages 237-251, May.
    2. Michael Ball, 1998. "Institutions in British Property Research: A Review," Urban Studies, Urban Studies Journal Limited, vol. 35(9), pages 1501-1517, August.
    3. Grenadier, Steven R, 1995. "The Persistence of Real Estate Cycles," The Journal of Real Estate Finance and Economics, Springer, vol. 10(2), pages 95-119, March.
    4. Simon Guy & John Henneberry & Steven Rowley, 2002. "Development Cultures and Urban Regeneration," Urban Studies, Urban Studies Journal Limited, vol. 39(7), pages 1181-1196, June.
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