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What type of process is property development like?
It is like many other production processes
What unique feature makes property development different from other production processes?
It requires land
What myth do the general public perceive when thinking about development?
That is is just about construction, but the development process can start many years before this phase.
How many models of development did Gray, Nicholson and Healey identify in 1991
15
What are the four main types of the 15 development models identified by Healey?
Eq_____________
E_______Seq___________
Ag___________
Str____________
Equilibrium
Event Sequence
Agency
Structured
What is the main tenet of the equilibrium model of development?
it reflects the neo-classical economists concern with balancing supply and demand for a new development
What is the main tenet of the event sequence model of development?
It attempts to identify the various stages of development and put them into an order
What is the main tenet of agency models of development?
They focus on the actors in the development process, the roles they play and the interests that guide their strategies
What is the main tenet of structure based development models?
They derive from urban political economies and try to identify the driving forces that power the development process
What did Healey attempt to do in 1992?
Combine the various models of development into one, but this proved difficult.
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