An introduction to property economics which aims to develop an understanding of property economics. This includes property values, supply and demand, scarcity, diminishing returns, inflation, recession, fiscal and monetary policy, economic modelling. Utility value and productivity in property markets; economics constraints of property markets. Real estate supply and demand; price adjustments. Principles of property finance; urban finances, sources and forms of property finance. Taxation, income taxation, property taxation and value added tax.