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The study of Real Estate continues to be a cornerstone of programs in Business Schools the world over and, in the wake of the boom and bust of recent years, ita (TM)s now all the more important to gain an understanding of the mechanics of this industry: one that is of vital importance to us all. This new book hopes to bridge the gap between the often overly simplistic array of texts available at undergraduate level and the key research currently informing the field. In this, it takes an international approach and introduces the student to the necessary a oetoolboxa of models required in order to properly understand the mechanics of real estate.