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Towards Financial Risk and Housing Policy Trends

Towards Financial Risk and Housing Policy Trends

Institutions providing access to housing in all tenures have become further entrenched and exposed to financial risk. Literature on housing policy trends and financial risk cover drivers such as liberalisation monetary approaches, innovation, political commitment, and asset management. A conceptual model is put forward for framing housing policy trends that engage with financial risk (what […]

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Resilience and housing markets: Who is it really for?

Resilience and housing markets: Who is it really for?

Ten years after the Global Financial Crisis, this research examines how resilience theory and rhetoric relating to the economy and housing markets has been translated into policy and practice. The methodology involves a case study of a city (Auckland) with a nationally dominant housing market and high unaffordability. Via secondary literature and a series of interviews we analyse questions connected to resilience […]

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Disruptive potential of real estate crowdfunding in the real estate project finance industry

Disruptive potential of real estate crowdfunding in the real estate project finance industry

The purpose of this paper is to review the literature on the Disruptive Innovation Theory and on the disruptive potential of real estate crowdfunding (RECF) in the real estate finance industry, assessing whether RECF constitutes a potentially disruptive innovation to the real estate finance industry. Based on a review and synthesis of the literature, the […]

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Improving water quality with rural land use policy: (re)balancing farmland regulation, intensification and financial viability

Improving water quality with rural land use policy: (re)balancing farmland regulation, intensification and financial viability

              Policymakers in New Zealand are attempting to achieve improved environmental outcomes by implementing an output-based approach to non-point-source pollution from intensive agricultural production. Initial emphasis has focused on the nitrogen leached, with the assumption that this can be calculated accurately on an individual-property basis. While catchment-wide nitrogen-loss levels are […]

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My New Edited Book - Routledge Companion to Real Estate Development

My New Edited Book – Routledge Companion to Real Estate Development

                          Real estate development shapes the way people live and work, playing a crucial role in determining our built environment. Around the world, real estate development reflects both universal human needs and region-specific requirements, and with the rise of globalization there is an […]

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Central Otago Lakes has now Surpassed Auckland as the Most Unaffordable Region in New Zealand

Central Otago Lakes has now Surpassed Auckland as the Most Unaffordable Region in New Zealand

The Massey Home Affordability Index takes into account the cost of borrowing as well as house prices and wage levels. This March quarter has seen an improvement in national affordability driven mainly by the fall in house price levels in seven regions. Overall, home affordability improved by 7.0% in this quarter with some improvement in […]

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Rising House Prices Still Drive Housing Affordability Metrics

Rising House Prices Still Drive Housing Affordability Metrics

The Massey Affordability Index takes into account the cost of borrowing as well as house prices and wage levels. This December quarter has seen a decline in affordability driven mainly by the continued spillover of the Auckland house price levels into the regions. Overall, home affordability declined by 2.8% in this quarter with some big […]

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Financing infrastructure development: time to unshackle the bonds?

Financing infrastructure development: time to unshackle the bonds?

It is important to consider the merits of using projects bonds to finance infrastructure investment projects – in particular, the pricing of such bonds and the level of risk premium demanded by the market. In investigating the use and pricing of project bonds, this research used a mix of qualitative and quantitative methods. In addition to secondary desk-based study, […]

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Innovative real estate development finance – evidence from Europe

Innovative real estate development finance – evidence from Europe

                This research provides an insight into large-scale real estate projects in Europe and how they are using a more innovative blend of finance. The methodology involved a mix of desk-based study, interviews and case studies. Interviews were held with financiers, policymakers, developers, investors, fund managers and academics. […]

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Methods and models for international comparative real estate development

Methods and models for international comparative real estate development

                      Real estate development is a significant factor in planning the built environment. It shapes the way people live and work, and by doing so enables human activity to evolve. Real estate development forms a contemporary reflection of social, economic, environmental, and political forces at hand. […]

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Boarded Terraces

Dysfunctional Neighbourhoods Exist: More Urban Regeneration Needed

                Neighbourhoods within area-based initiatives that are engaged with regeneration and renewal often experience difficulties of poverty, disadvantage and deprivation. Furthermore, the experience of function or dysfunction is also important when exploring neighbourhoods undergoing transformation. Functioning ‘norms’ could enable residents within particular neighbourhoods to have equal opportunities of […]

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The difference between property bonds and leases – and the consequences for healthcare.

                There are some 487,000 places in long-stay residential care and nursing homes in the UK representing an industry worth some £15.2 billion per annum. Creating leases with guaranteed rental uplifts, a property bond in all but name, now attracts significant investment into healthcare. This is argued to […]

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Tax Increment Financing

Lessons in finance bonding for affordable housing

                    Can finance bonding be centred more on affordable housing as well as infrastructure? Some interesting nuances and lessons can be drawn when using a Tax Increment Financing (TIF) model in San Francisco, especially given the abandonment of California’s redevelopment agencies (RDAs). If historically focusing on policy, the […]

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Is Building Heritage in Enterprise Zones The Latest Threat or Opportunity?

    In considering heritage for buildings within Enterprise Zones, the central premise has been focusing on economic growth, with less thought given to the wider structural and cultural implications. When looking at an illustrative case study of Bristol Temple Quarter Enterprise Zone, it appears that conflicts emerge between the objectives of the Enterprise Zone scheme and those of heritage protection, indicating […]

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Returning to Rousseau – Is there a Contract Between Citizen and State?

          New forms of governance, conditional approaches to public service access, and initiatives to engage citizens in taking on new responsibilities are being developed in the context of the scaling down of the welfare state. The extent to which collaboration and multidirectional accountability can be developed between the state and citizens. […]

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Solutions to the housing crisis – Housing Associations in the Private Rented Sector?

            How do housing stakeholders align future private and public spending to identify investment opportunities and help meet the City’s broader economic and spatial planning priorities – through the private rented sector?The private rented sector represents a growing proportion of the housing market nationally and locally and the only housing option for many households priced […]

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Future financing cities through planning and development

It is important to improve understanding of how cities can be better financed to meet challenges over the short and long-term; be they economic, social and/or environmental. The lack of adequate basic urban services and infrastructure is a major challenge in the development of human settlements. With rapid urbanization, governments are increasingly having difficulties to meet […]

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My Book on – Urban and Environmental Economics

                    Urban and Environmental Economics The importance of the built environment to environmental protection is well established, with strict environmental regulations now a feature of the working lives of planners, contractors, building designers, and quantity surveyors alike. Those new to, or preparing to join this industry […]

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My Book on – International Approaches to Real Estate Development

                            Squires, G. and Heurkens, E. (Eds) (2014). International Approaches to Real Estate Development. Routledge. An international approach to the study and teaching of real estate is increasingly important in today’s global market. With chapters covering numerous countries and every continent, International Approaches […]

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