The State of Contemporary Property Development Theory

A review of contemporary property development theory covering ‘models of the development process’ by Dr Jonathan Drane

This article was published at the Pacific Rim Real Estate Society conference and revealed the state of property development theory in the literature and focusses on models of property development process, previously championed by Patsy Healy.

ABSTRACT

This article discusses the limitations of contemporary property development theory in both the academic and
commercial arenas, where it is proposed in theoretical terms that there has been little integrated development since the
early 1990’s.

Building on the author’s prior study (Drane 2012) which surveyed and mapped the literature related to ‘models of the
development process’ from 1954 to 2012, a limitation in not only collective attention to this subject since 1992 is
discovered, but also deficiencies in theoretical frames used, which were in turn limited by disciplines of the day.

Learn More about Property Development Theory by Dr Jon Drane

Models of the Property Development Process