Property relies on and is an investment. Developers need to plan for a return on the money that they put up or borrow, and this in turn depends on the ability of property occupiers to generate that return. The result is a capital value for any investment which provides also a store of value and the basis for trading existing investments. This paper looks at some of the elements in this process of creating capital value, and asks whether they are fit for purpose in the United Kingdom in terms of supporting future economic growth.
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