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- W2613347032 abstract "Despite their unique characteristics, real estate markets around the world still follow fundamental economic principles, although until recently there has historically been limited literature focusing on this topic. The following article reviews previous research on real estate economics and tests how it applies to the United Kingdom (UK) hotel supply between 2003 and 2013. Using data from industry sources, it empirically examines the application of the law of supply to the UK hotel market, as well as the impact of the global financial crisis and the 2012 London Olympics on the supply pattern. It also attempts to determine the price elasticity of supply of this market. The results demonstrate the usefulness of applying economic theory to real estate and highlight the need for further research into this area." @default.
- W2613347032 created "2017-05-19" @default.
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- W2613347032 date "2015-03-25" @default.
- W2613347032 modified "2023-09-28" @default.
- W2613347032 title "The Long-Run Supply of Real Estate: An empirical study into the UK hotel market 2003 - 2013" @default.
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- W2613347032 hasPublicationYear "2015" @default.
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