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
:MCB UP Ltd
Copyright © 1993, MCB UP Limited