The comparative econometric analysis of property and construction markets in commercial and residential sectors for GB and its regions

This research is based on an emergent field in the comparative analysis, construction and real estate economics, with some original contributions in the application of econometrics for both commercial and residential sectors, at national, as well as regional levels, in Great Britain. This study, firstly, through literature analysis, developed a comparative framework for construction and property markets. Afterward, based on the data availability and the quality, it narrowed down the initial framework into three key ideas for empirical analysis, which are as follows: (1) the relationships between economic growth and private commercial/residential construction investments; (2) the own and cross price elasticity of supply for property and construction markets in commercial and residential sectors; (3) the similarities and differences of the impacts of economic/social infrastructure investments in private commercial and residential construction outputs. The results provide a better understanding about the dynamic process between commercial and residential sectors in the changing environment, helping in decision-making for the investors and policy makers, and contribute to the work of stabilising real estate, the financial markets, and economy.