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Self‐regulation in the Office Property Market

Journal of Property Valuation and Investment

ISSN: 0960-2712

Article publication date: 1 January 1993

Abstract

Examines the failure of the City of London office market over the last 30 years to transmit information on impending oversupply to developers as the market moved towards the top of the demand cycle. Notes that the resulting collapse in investment values and the exposure of the banking system to large‐scale non‐performing loans provides a picture of potentially destabilising market failure. Proposes that in order to prevent oversupply occurring and thereby secure investment values, a form of self‐regulation is required.

Keywords

Citation

Mulhall, T. (1993), "Self‐regulation in the Office Property Market", Journal of Property Valuation and Investment, Vol. 11 No. 1, pp. 28-40. https://doi.org/10.1108/14635789310031397

Publisher

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MCB UP Ltd

Copyright © 1993, MCB UP Limited