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Purpose

The purpose of this paper is to describe conventional top‐down planning as applied to land markets – and its limitations.

Design/methodology/approach

The paper includes a brief survey of recent literature that sheds light on the argument and that puts property management into the larger context.

Findings

Much that is known about positive trends in human wealth and welfare can be ascribed to what might be called bottom‐up planning. Property managers are increasingly part of the latter activity. In light of the trends discussed, the property management activity plays a key part in the ever more important bottom‐up management of land.

Originality/value

This paper links the growth of wealth and welfare in our time with the broadening responsibilities of property managers.

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