Dr Mark Andrew

Senior Lecturer

Bayes Business School, Faculty of Finance

Contact

Visit Mark Andrew

Room BR5012, Bunhill Row

Postal address

Bayes Business School
106 Bunhill Row
London
EC1Y 8TZ
United Kingdom

About

Overview

Dr. Mark Andrew joined the real estate group at Bayes (formerly Cass) in January 2007. He was previously a Lecturer in Economics at the University of Reading. Mark's research interests are in the fields of housing economics, micro-econometrics and panel data analysis. Dr. Andrew has published in journals such as Environment and Planning A, Real Estate Economics, Regional Science & Urban Economics, Housing Economics and the Scottish Journal of Political Economy. He has also been involved in a number of government funded projects for the DCLG and Office of the Deputy Prime Minister as well as a number of ESRC funded projects. He is currently serving as a member of the Research Steering Group for the Investment Property Forum (IPF).

Qualifications

PhD in Economics (Reading).

Memberships of committees

  • Research Steering Group Committee, Investment Property Forum, Sep 2019 – present

Memberships of professional organisations

  • academic, Investment Property Forum, Dec 2012 – present
  • academic, American Real Estate and Urban Economics Association (AREUEA), Jan 2001 – present
  • academic, Royal Economic Society, Jan 2001 – present

Expertise

Primary topics

  • Econometrics
  • Economics
  • Real Estate
  • Real Estate Economics

Industries

  • non-profit & voluntary sector
  • public sector
  • real estate

Research

My research interests over the last three years involved looking at (i) the changes in young adult household formation and home ownership rates in the UK, (ii) the spatial distribution of housing affordability, (iii) house price formation. The first strand of research identifies the tightening of credit market constraints and slower earnings growth brought about by structural change in the labour market as significant factors in explaining declines of home ownership rates among the young. The second strand explores whether the mechanisms of New Economic Geography can explain the disparities in housing affordability in the UK.

Research topics

Household Formation and Housing Tenure Choice

Explaining Falls in Young Adult Homeownership Rates

House Price Formation

Explaining how individuals form expectations

Housing Tenure Choices in the Future

Impact of Student Debt

Spatial Analysis of Housing Affordability

Theoretical and Empirical Analysis Based on Local Authority District/Housing Markets

Publications

Book

  1. Andrew, M. and Tsolacos, S. (2020). Applied Quantitative Analysis for Real Estate. Oxon: Routledge. ISBN 978-1-138-56133-5.

Chapters (3)

  1. Andrew, M. (2012). Neoclassical models of the housing market. International Encyclopedia of Housing and Home (pp. 96–102). ISBN 978-0-08-047171-6.
  2. Andrew, M. (2011). Neoclassical Models of the Housing Market. International Encyclopedia of Housing and Home (pp. 96–102). ISBN 978-0-08-047171-6.
  3. Andrew, M. and Meen, G. (2004). The Role of Housing in City Economic Performance in City Matters: Competitiveness , Cohesion and Urban Governance. In Boddy, M. and Parkinson, M. (Eds.), City matters: Competitiveness, cohesion and urban governance The Policy Press. ISBN 1-86134-444-9.

Conference papers and proceedings (10)

  1. Andrew, M., Bramely, G., Leishman, C. and White, M. (2010). Modelling Housing Affordability at the Subregional Level. 50th ERSA Congress (European Regional Science Association) 19-23 August, Jönköping, Sweden.
  2. Andrew, M., Bramely, G., Leishman, C. and White, M. (2010). Final Report. NHPAU Steering Group Meeting and Expert Panel London.
  3. Andrew, M. and Evans, A. (2009). An Anatomy of Speculation in a Housing Market Boom. 15th Pacific Rim Real Estate Society (PREES) Annual Conference 18-21 January, Sydney, Australia.
  4. Andrew, M., Bramely, G., Leishman, C. and White, M. (2009). Findings for Modelling Housing Affordability at the Subregional Level. NHPAU Steering Group Meeting and Expert Panel London.
  5. Andrew, M. (2008). The Changing Route to Owner Occupation: The Impact of Household Formation and Borrowing Constraints on Young Adult Homeownership in Britain. IREBS Symposium Regensburg, Germany.
  6. Andrew, M. (2008). The Homeownership Market. Property Upturns and Downturns London.
  7. Andrew, M. and Evans, A. (2007). The Anatomy of Speculation: A National Analysis. ERES London.
  8. Andrew, M. and White, M. (2006). Explaining the Route to Owner Occupation: The Role of Transactions Costs. International AREUEA/ASRES Vancouver.
  9. Andrew, M. and Evans, A. (2006). An Anatomy of Speculation in a Housing Market Boom. 3th Annual European Real Estate Society Conference Weimar, Germany.
  10. Lee, S., Andrew, M. and Devaney, S. (2003). Another Look at the Relative Importance of Sectors and Regions in Determining Property Returns. Dublin Research Symposium Dublin.

Journal articles (13)

  1. Andrew, M. and Larceneux, F. (2018). The role of emotion in a housing purchase: An empirical analysis of the anatomy of satisfaction from off-plan apartment purchases in France. Environment and Planning A: Economy and Space. doi:10.1177/0308518X18817539.
  2. Andrew, M. (2012). Regional market size and the housing market: Insights from a new economic geography model. Journal of Property Research, 29(4), pp. 298–323. doi:10.1080/09599916.2012.717101.
  3. Andrew, M. (2012). The changing route to owner-occupation: The impact of borrowing constraints on young adult homeownership transitions in Britain in the 1990s. Urban Studies, 49(8), pp. 1659–1678. doi:10.1177/0042098011417905.
  4. Mark, A., Bramley, L., White, and Andrew, M. (2012). Sub-Regional Housing Market Modelling: Spatial Dimensions of Housing and Labour Market Interactions. Urban Studies.
  5. Andrew, M. (2010). The changing route to owner occupation: The impact of student debt. Housing Studies, 25(1), pp. 39–62. doi:10.1080/02673030903361656.
  6. Meen, G. and Andrew, M. (2008). Planning for housing in the post-Barker era: Affordability, household formation, and tenure choice. Oxford Review of Economic Policy, 24(1), pp. 79–98. doi:10.1093/oxrep/grn010.
  7. Andrew, M. and Meen, G. (2006). Population structure and location choice: A study of London and South East England. Papers in Regional Science, 85(3), pp. 401–419.
  8. Andrew, M., Haurin, D. and Munasib, A. (2006). Explaining the Route to Owner Occupation: A Transatlantic Comparison. Journal of Housing Economics, 15(3), pp. 189–216.
  9. Andrew, M. (2004). A permanent change in the route to owner occupation? Scottish Journal of Political Economy, 51(1), pp. 24–48.
  10. Andrew, M. and Meen, G. (2004). On the use of policy to reduce housing market segmentation. Regional Science and Urban Economics, 34(6), pp. 727–751.
  11. Andrew, M. and Meen, G. (2003). House Price Appreciation, Transactions and Structural Change in the British Housing Market: A Macroeconomic Perspective. Real Estate Economics, 31(1), pp. 99–116.
  12. Andrew, M. and Meen, G. (2003). Housing Transactions and the Changing Decisions of Young Households in Britain: The Microeconomic Evidence. Real Estate Economics, 31(1), pp. 117–138.
  13. Andrew, M. and Meen, G. (1998). On the Aggregate Housing Market Implications of Labour Market Change. Scottish Journal of Political Economy, 45(4), pp. 393–419.

Reports (10)

  1. Andrew, M. and Culley, J. (2023). Leasehold Reform Proposals in England and Wales: The unconsidered financial implications of reducing the premium in lease extensions. UK: UK Centre for Collaborative Housing Evidence.
  2. Andrew, M., Bramley, G., Leishman, C. and White, M. (2010). Final Report On The Feasibility of Modelling Subregional Affordability. The National Housing and Planning Advice Unit (NHPAU).
  3. Andrew, M., Bramley, G., Leishman, C. and White, M. (2009). Framework for Modlling Subregional Housing Affordability. NHPAU.
  4. Andrew, M., Bramley, G., Leishman, C. and White, M. (2009). SUB-REGIONAL HOUSING MARKET MODELS. National Housing Planning and Advice Unit (NHPAU).
  5. Andrew, M., Meen, G., Kasparova, D., Wood, G., Ball, M., Goody, J. … Pyrce, G. (2008). Recent Developments in the Communities and Local Government Affordability Model. Wetherby, West Yorkshire: Communities and Local Government Publications. ISBN 978-1-4098-0180-1.
  6. Andrew, M. (2006). Housing Tenure Choices by the Young..
  7. Andrew, M., Meen, G. and Others, (2005). Affordability targets: Implications for Housing Supply, Technical Appendix. OPDM Publications.
  8. Andrew, M., Evans, A., Koundouri, P. and Meen, G. (2003). Residential stamp duty: Time for a change..
  9. Andrew, M., Devaney, S. and Lee, S. (2003). Another Look at the Relative Importance of Sectors and Regions in Determining Property Returns. Henley Business School, Reading University.
  10. Meen, G. and Andrew, M. (1998). Modelling Regional House Prices: A Review of the Literature..

Working paper

  1. Andrew, M. (2006). The Change in the Route to Owner Occupation: The Role of Transactions Costs. Reading, UK: University of Reading

Other

  1. Andrew, M. (2011). The International Encyclopedia of Housing and Home.

Education

Course Directorship

- 2014 - present, MSc Real Estate, Course Director
-2016 - present MSc Real Estate Admissions Tutor

Professional activities

Collaborations (academic) (3)

Collaboration (industrial)

  1. Partner of Knight Frank Formal Collaboration project (Feb 2022 – present)
    Sponsored by Knight Frank LLP
    Other partners: Dr. James Culley

Editorial activity (10)

  1. Turkish Central Bank Discussion Paper Series, Referee, 2012.
  2. Journal of Urban Affairs, Referee, 2011 – present.
  3. Spatial Economic Analysis, Referee, 2010 – present.
  4. Papers in Regional Science, Referee, 2008 – present.
  5. Oxford Economic Papers, Referee, 2007 – present.
  6. Housing Studies, Referee, 2005 – present.
  7. Urban Studies, Referee, 2002 – present.
  8. Real Estate Finance and Economics, Referee, 2002 – present.
  9. Journal of Housing Economics, Referee, 2001 – present.
  10. Real Estate Economics, Referee, 2001 – present.

Events/conferences (14)

  1. University of Reading Seminar Series. (Seminar) (2012). Invited speaker.
    Paper: Role of Commuting in Linking Local Housing Markets
    Author: Andrew M
  2. University of Reading Seminar Series. (Seminar) (2012). Invited speaker.
    Paper: Role of Commuting in Linking Local Housing Markets
    Author: Andrew M
  3. European Network for Housing Research. (Conference) (2012).
    Paper: Role of Commuting in LInking Local Housing Markets
    Author: Andrew M
  4. NHPAU Steering Group Meeting and Expert Panel. (Workshop) London (2010). Invited speaker.
    Paper: Final Report
    Author: Andrew M
    Co-authors: Bramely G, Leishman C, White M
  5. European Regional Science Association. (Conference) Sweden (2010).
    Paper: Modelling Housing Affordability at the Subregional Level
    Author: Andrew M
    Co-authors: Bramley G, Leishman C, White M
  6. NHPAU Steering Group Meeting and Expert Panel. (Seminar) London (2009). Invited speaker.
    Paper: Findings for Modelling Housing Affordability at the Subregional Level
    Author: Andrew M
    Co-authors: Bramely G, Leishman C, White M
  7. Pacific Rim Conference. (Conference) (2009).
    Paper: An Anatomy of Speculation in a Housing Market Boom
    Author: Andrew M
    Co-authors: Alan Evans
  8. IREBS Symposium. (Seminar) Regensburg, Germany (2008). Invited speaker.
    Paper: The Changing Route to Owner Occupation: The Impact of Household Formation and Borrowing Constraints on Young Adult Homeownership in Britain
    Author: Andrew M
  9. Property Upturns and Downturns. (Workshop) London (2008). Invited speaker.
    Paper: The Homeownership Market
    Author: Andrew M
  10. AREUEA. New Orleans (2008). Chair.
  11. ERES. (Conference) London (2007).
    Paper: The Anatomy of Speculation: A National Analysis
    Author: Andrew M
    Co-authors: A Evans
  12. (Seminar) York (2006). Invited speaker.
    Paper: The Change in the Route to Owner Occupation: The Role of Transactions Costs
    Author: Andrew M
  13. International AREUEA/ASRES. (Conference) Vancouver (2006).
    Paper: Explaining the Route to Owner Occupation: The Role of Transactions Costs
    Author: Andrew M
    Co-authors: M White
  14. University College Dublin Research Symposium. (Conference) Dublin (2003). Invited speaker.
    Paper: Another Look at the Relative Importance of Sectors and Regions in Determining Property Returns
    Author: Andrew M
    Co-authors: S Devaney, S Lee