Michael is the director of the Real Estate Economics and Investment Research Group.
Michael's research interests are in the field of real estate market analysis. Within this area he has undertaken research in regional, national, and international commercial real estate markets. Michael's research has also analysed residential markets in the UK and in EU countries. This body of work has developed theoretical and policy issues in examining market behaviour. The theoretical issues have related to market adjustment processes over time, spatial interactions across locations, and the separation of long and short run influences on market behaviour. The policy issues have related to addressing issues such as housing affordability for government bodies, investment performance for private institutions, and policy and market interaction for quasi government institutions.
Much of this research has received funding from a range of sources. These include Chesterton Structured Finance, RICS Education Trust, the Housing Research Foundation, the Fannie Mae Foundation, Scottish Widows Investment Partnership, CLG, and NHPAU.
More recently Michael's research has been examining real estate exposure of state pension funds and real estate investment strategies. He has on-going research projects that are being funded by CLG, NHPAU, and Scottish Widows Investment Partnership.