Graham – Professor Graham Squires

Our New Book: Construction Procurement. What is it about?

A bit likes buses, I have 2 books coming out at the end of the year with publishing dates 2022. This book is an easy-to-read

New Book – The Economics of Property and Planning: Relevance and Importance

Given the imminent release of my new book ‘The Economics of Property and Planning’, here is some text on the book’s relevance and importance. Both

On Afghanistan – Part 2: Is it possible to parachute a democratic system on a tribal model?

Here is the second of my ‘On Afghanistan’ posts that delve into some interesting Political-Economy of one of the poorest places on earth. Here we

New Paperback Version – Routledge Companion to Real Estate Development. (2021). 29 Chapters. 43 Authors.

Good news for those interested in theory-practice of Real Estate Development. Our edited book has been published as a much more ‘affordable’ paperback. Also an

Can ‘PropTech’ increase property returns in a Covid world?

Property Course Schedule Starting February 2022 (Semester 1): 3 Years; 24 Papers; 5 Accreditations; 1 Degree

If you wish to do a 3 Year Undergraduate BBus (Property) Degree AND Get Qualified for the Valuers Registration Board (VRB) to become New Zealand

Economic Geography and Space

Ideas of place in the economics property and planning cannot escape the concepts of space and spatial considerations held with economic geography. Space as a

On Afghanistan – Part 1: Can an imposed liberal democratic system and ‘humanitarian intervention’ give stability and peace?

This may be slightly out of the left field. I’ve been interested in the progress and poverty of the disadvantaged for many decades now. As

Institutional and behavioural economics

It can be seen that classical economic thought on property and planning is relatively young with writers dating back to the 18th century. This is

Transport and Infrastructure Economics in Property and Planning

It is quite widely thought that the role of infrastructure, particularly transport, is one useful way to understand the history of places. Particularly by looking

How to become a registered valuer in New Zealand

People often ask me…’How do I get registered through the Valuers Registration Board (VRB) to join the New Zealand Institute of Valuers (NZIV) in New

News Articles – Archive Links

NEWS ARTICLE CONTRIBUTIONS I take a public engagement approach and have been interviewed over 100 times by the media on property-related issues. Recent media outputs

Read MoreNews Articles – Archive Links

Rents rise 4.8% in a year, affordability declines in six regions – study

Research by the Massey University Real Estate Analysis Unit showed rents increased nationally by 4.8 percent in a year. Rental affordability declined in six of

Report: The cheapest and most expensive places to rent in NZ

The cheapest and most expensive regions to rent in the country at the moment have been revealed in a new report. Figures released by Massey

Rents up nearly 5 percent this year – report

Listen Nationally, rents have increased by 4.8 percent this year. Southland and the West Coast are the best place to be a renter for now

‘Perfect storm’ means rental affordability declining nationwide

Rental affordability is declining around the country, with even cheaper regions becoming less affordable, new Massey University research reveals. There was a quarterly deterioration of

Southland and West Coast best regions for renters

Nationally, rent increased by 4.8 per cent between March 2020-March 2021. Professor Graham Squires. Dr Arshad Javed. Massey University’s latest Rental Report shows a decline

Housing: Eight in 10 New Zealanders believe homeownership impossible – report

The dream of homeownership is fading for many New Zealanders and a new report has revealed eight in 10 feel it is now impossible to

Cost of living on the rise: what you can do to prepare

Rising food prices is pushing up costs. Rising housing, petrol, food and clothing costs have pushed up the cost of living for an average family

On Justice in Property and Planning – Normative Economics in Action

For economics in property, the legal real property consideration of justice resonates in economics and the economy. Early writers on justice such as Paine (1797)

Making clear the inflation question – what does this mean for planning ‘property’?

Stable prices are a macroeconomic consideration for nations and the places contained within their boundaries. For places, changes in inflation or changes in the prices

Economics professor: More Kiwis to take a DIY approach to property

It is hard to imagine a time when the real estate sector has had it so good. With the huge price increases we’ve seen, agents’

High house prices boost agent commissions by $1b

Real estate agents’ income has soared on the back of a hot housing market. Real Estate Institute data shows there was $90.09 billion of residential

Brownfield Development: Some Historical Context, Barriers, and Issues

Brownfield sites can generate negative externality on real estate value, profit, and productivity. The use and development of brownfield sites are perceived to be risky

‘Dramatic separation’ between house prices and wages as home affordability drops further

House prices nationally are now 12.4 times the average wage due to a drop in home affordability in recent months, new Massey University analysis reveals.

Rising house prices and decreasing income lead to decline in home affordability

The report shows median house prices across the country increased by 5.1 per cent in aggregate. The latest Massey University Home Affordability Report shows an

Manawatū/Whanganui housing affordability plummets 30 per cent

The affordability of Manawatū/Whanganui homes is plummeting, as falling wages and soaring prices make it harder than ever to get on the property ladder. Massey

Financialization in Property and Planning

The contribution of financialization discourse to capital and inequality is particularly interesting to economics in property and planning. Epstein’s (2005) ‘Financialization and The World Economy’

On the Environment and Environmentalism

What is an Environment? The meaning of an environment needs some short attention in order to frame understanding in this space. More broadly the environment

What is Urban? Fundamentals to growing and shrinking cities in a Covid World

There are several conversations going on that consider the growth and decline of cities given their changing function in a Covid world. Such as why

Higher insurance bills, lower house values: Flooding can have long-term impact

There is a warning flood-hit homeowners face financial costs long after the water has receded. Insurers are becoming increasingly sensitive to flood risk, which means

Housing Affordability and Tenure Change – Generation Rent

Housing affordability as a rental tenure issue has become an increasingly debated area. Particularly as it can be argued that there has been an increasing

Home at last: how COVID took homelessness off the streets

Home at last: how COVID took homelessness off the streets During the pandemic, many homeless people were housed in hotels – it was supposed to

David Ricardo on Land Rents and Comparative Advantage

To deal with the economic issues of property, the work by David Ricardo (1772 – 1823) provides a dimension on how trade and the relative

Why does the value of money erode? Human Nature, Time, and Discounting

For major project feasibility and decision making, if cost and benefit items have been identified and valued, the net difference of costs and benefits need

Innovative infrastructure funding needed for affordable homes

The infrastructure levy introduced last year is a start but New Zealand is behind its contemporaries. Massey University economics professor Graham Squires More weight needs

Could Public Private Partnerships help solve the infrastructure and housing crisis?

Innovative finance for PPPs in real estate development will be critical to developing quality infrastructure and homes for New Zealanders, Professor Graham Squires says. Professor

Property investors and ‘moral obligation’

Private rental property owners do not have a moral obligation to provide houses to anyone, including vulnerable tenants, the New Zealand Property Investors Federation says.

The Malthusian Problem of Feeding a Population

Thomas Malthus (1766-1834) was one writer who took concerns of economic growth and population rise as a consequence of the industrial revolution and extrapolated via

Private infrastructure charges ‘the answer to boost housing supply’

Private housing infrastructure funding charges might be the best way to speed up development and boost housing supply, a property academic says. House prices increased

Regressing into Regressions – A checklist

The definitions given here are designed to understand the more technical parts of statistical regression analysis. I often find this type of work can help

Building a case for ‘build-to-rent’ developments

As the Government tightens rules for property investors, it’s talking up a less common type of rental development. What are ‘build-to-rent’ schemes, and how could

The Problem with an Economic Valuation of the Environment

The valuation of external costs and benefits will be difficult but necessary if the full cost or benefit to society and the environment is to

The Economics of Choice and Opportunity Cost in Development

Choice is an important element in economic thinking if there are scarce resources and infinite wants. Places that are booming will have to make choices,

Affordable Housing using Direct Regulation and Bonds

The discovery of what specific policy mechanisms can be used to finance affordable housing is extremely helpful. Different ‘types’ of mechanisms are available in the

Mixing Types of Mechanisms – Process, Tiers, Weights and Blends

The mechanisms highlighted in supporting affordable housing finance and funding only serve to demonstrate financial forces that shape the market. Often it is the process

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How do we do international research?: Some Methods in studying ‘Real World’ phenomena

[1500 Words; 8 Minute Read] In this post, we focus on the importance of methods to aid international ‘real world’ research. Natural sciences often place

The Private Finance Initiative (PFI) – Paying for Public Goods with Private Money

[2000 Words; 10 minute Read] The Private Finance Initiative (PFI) is defined as a form of procurement to encourage private investment in public sector projects.

The Open Economy and Sustainable Cities

[1000 Words; 10 Minute Read] In addition to the more localised economic mechanisms that operate in urban areas, the wider open economy will shape how

Financing Affordable Housing – Some Fiscal Approaches used in the United States

[2000 Words; 10 Minute Read] It is important to improve understanding of how cities can be better financed to meet affordable housing challenges over the

Case study research – using case studies by geography

[800 Words; 5 Minute Read] Research methodology often incorporates case studies, and it is important to outline case study epistemological merits and limitations. Firstly, the

Public Private Partnerships (PPP) – A win-win situation?

[1000 Words; 5 Minute Read] A Public Private Partnership (PPP) is a public service or private business venture that is funded and operated through a

The Economics of Water – Cost, Price and Value of a ‘Free’ Natural Resource

[1500 Words; 10 Minute Read] This article looks at ‘environmental resource’ issues in connection with water. We look at ‘externalities’ as the third-party costs and

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Policy Transfer: Why do we see the same ideas and practice around the world? – 5 Key Aspects

[1300 Words; 10 Minute Read]. The post explores what is involved and could be considered when transferring policy from one context to another. At the

Sustainable Urban Development – Connecting Urban and Environmental Economics

[1200 Words; 4 Minute Read] Concern over climate change and a focus to improve and protect natural resources and improve ecological health have been promoted

New Zealand Tenure Changes 1991 to 2016

Given some recent announcements on social (public) housing provision in New Zealand, I have graphed the changes in tenure since 1991 to the start of

Affordable Housing – a Community Reinvestment Solution?

[2000 Words; 15 Minute Read] Policy in affordable housing supply is responding to the challenge of housing markets where unaffordability prevails. Often measured by high

How can you Value the Built and Natural Environment? Cost-Benefit Analysis

[2000 Words; 20 Minute Read] There are forms of market failure due to external costs and benefits that need to be calculated and internalized to

Housing Affordability Determinants

[1100 Words; 4 Minute Read] “Decent, affordable housing is fundamental to the health and well-being of people and to the smooth functioning of economies” (Woetzel

Critical Realism as a Research Philosophy – Enlightened Common Sense?

[1200 Words; 10 Minute Read] In order to frame research within a particular philosophy a critical realist approach can be taken, especially to gain a

Why will Globalisation prevail? The enduring forces and enablers

[1000 Words; 5 Minute Read] In discussing globalisation, the term can be described as the convergence of markets, economies and ways of life across the

Housing Development and Design in Cities

Introduction [3000 Words; 23 Minute Read] The last few decades globally has seen a move away from seeing housing design as part of the development

Financing Affordable Housing Development – Mechanisms that are Weighted and Blended

[1000 Words; 10 Minute Read] This post looks at what “Weighted-Blended” Finance Mechanisms are the most appropriate framing to consider the financing of affordable housing

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Socially Responsible Property Investment (SRPI) – Practice, Priorities and Behaviours

[2000 Words; 20 Minute Read] In examining the effectiveness of the investment practice known as ‘Socially Responsible Property Investment’ (SRPI), funds and developers make special

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Project Feasibility Given the Time Value of Money: Discounting and Net Present Value

Time and Discounting [2500 Words; 20 Minute Read] For major project feasibility and decision making, if cost and benefit items have been identified and valued,

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Financing affordable housing development – What types are there?

[3500 Words; 20 Minute Read] It is important to improve understanding of how cities can be better financed to meet affordable housing challenges over the

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The Built and Natural Environment According to Economists – The Early Years.

[3100 Words; Reading Time 24 Mins] Ideas, concepts and theories are developed from intellectual thoughts that are of importance when studying urban and environmental economics.

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How do we finance cities of the future? A podcast [36 mins] with Prof. Marsh and Prof. Squires

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Socially Responsible Property Investment (SRPI) – An Introduction

[1500 Words; 20 Minute Read] This article introduces an understanding of the use of Socially Responsible Property Investment (SRPI) in urban development. Urban development and

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Financing urban development

[5,000 Words; 30 Minute Read] The use of bonded financial mechanisms such as Tax Increment Financing (TIF) can lever renewal within a wider policy framework.

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Research Projects – Full Archive List

Squires, G., and Tommaso, G. (2020). The United Nations – Human Settlement Programme (UN-Habitat), the University College of London (UCL). Innovative governance modalities for urban

Research Reports – Full Archive List

Squires, G., and Susnjak, T. (2020). Machine Learning for Real Estate and Housing Markets. The Property Foundation Squires, G. (2020). The use of housing charges

Banning foreign house buyers won’t have much effect – Massey professor

Article in National Business Review (NBR) exploring the foreign house buyer ban, Overseas Investment Act All regions showed a drop in affordability over the year.

Rotorua house prices increasing the most in New Zealand

Newshub article on house prices For more than a year, the advice to Aucklanders struggling to buy a home was to move out of the

Home affordability drops for Kiwis by almost 10 per cent, report says

Article in TVNZ Television New Zealand on Housing Affordability Home affordability has plummeted in many regions across the country over the past year, according to

Renter pain continues as New Zealand rents jump 25% in five years

Article on New Zealand Herald on Housing Affordability and Tenure It’s further bad news for renters with prices across New Zealand climbing steadily in the

Build-to-rent apartments must not become slums, property specialists warn

Article in Stuff exploring Build to Rent with colleague David White Property specialists at Massey University caution that mass rental housing like apartment blocks need to

Build to rent: the pros and cons

Article in RNZ relating to a series of industry seminars that myself and colleague David White ran on Build to Rent in New Zealand As

A PhD on Housing Markets and Regeneration. 10+ years on with Download

Time flies when you are an academic. 10+ years ago I completed a PhD from the University of Manchester (UK), that predominantly focused on exploring

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Environmental Impact Assessment

Here is a lecture I did a while back on Environmental Impact Assessment

International Real Estate Development Book Promotion

Book Promotion at Delft, Netherlands. International Approaches to Real Estate Development

How property pivots in a post-Covid-19 world

An online event I hosted on how property pivots in a post Covid 19 world. Note the lockdown beard for future self.

Brains are for having ideas, not storing them

Building a 2nd Brain and Personal Knowledge Management (PKM) In the new pedagogical landscape, I am looking at the limits of teaching and learning as

Don’t vote! It only encourages them: Party Votes and Turnout by Electorate

In the lead up to the New Zealand 2020 election it is worthwhile having a look at what proportion of people bother to vote. Here

Housing Affordability in the Regions as Trajectory Regressions – If you are into this kind of thing.

I did some work looking housing affordability trajectories in New Zealand’s regions. All very techy, but essentially evidencing how 4 clustered regions have converged in

How to win an Election: New Zealand 2017 Analysis

Here we find some initial analysis that I’ve done looking retrospectively on the 2017 election in New Zealand. Its thrown up some interesting aspects that

No surprises: Wages haven’t kept up with runaway house prices. Some evidence.

Over the last few years, I’ve spent some time looking at and engaging with the affordability debate. For New Zealand, it is a significant but

Playing with QGIS: What were Land Values worth in Auckland 2017?

Fast forward 36 years and we see the land value of sales in Auckland’s districts skyrocket. Auckland city at median land value of $500,000 (previously

Playing with QGIS: What were Land Values worth in Auckland 1981?

In playing around with QGIS for another project I’ve mapped Auckland district median land values as of 1981. Auckland City land values at a mere

Gazing into the Crystal Ball: Machine learning to predict house prices

Here’s an excerpt from on recent research project on Machine Learning for Real Estate and Housing Markets… “…Here we consider all 21 national-level indicators and

An ‘innovative’ framework for comparing real estate development

Approaches to international comparative analysis of real estate development can be used to bring out some comparisons in case study sites. Key layers and mechanisms

What are the motivations for energy efficient refurbishment (EER)?

Owner-occupier motivation is multifaceted and complex. It is the precursor to energy efficiency refurbishment (i.e. action) and to encourage a greater uptake such refurbishment better

Mapping Financial Risk and Housing Trends in New Zealand: towards ‘freer’ in a largely free market?

For New Zealand, at a national scale housing policy trends have encouraged market engagement given its high proportion of residential ownership, with social housing provision

Regional house price (sales) trends 2010-2017. An acceleration in Auckland and Central Otago Lakes

Here’s an excerpt from a recent Journal Paper where we see An acceleration in Auckland and Central Otago Lakes since 2013 Median house price trends

2 Decades of Auckland Median House Prices 2000-2019

Within a current Machine Learning project we start with a baseline look at how house prices have changed over the last 2 decades. Here we

A Covid-19 Pandemic Retrospective: Activity being generated in the Real-estate Sector over the volatile period during the COVID19 in New Zealand

The graph depicts the year-on-year percentage changes of the amount of economic activity being generated in the Rental, Hiring and Real-estate Sector over the volatile