This study investigates, from an institutional perspective, processes of urban real estate development. Who develops what, which strategies are pursued both by market parties and public sector agencies? A case study of the functioning of the urban land market and the owner-occupied housing market in the Netherlands pays particular attention to the consequences for developers of the sharp rise of market prices of owner-occupied dwellings in the 1990s and to the current debate about the supposed shortages of building land in Dutch cities. The book concludes with an assessment of the Dutch property system. Related to this, the social efficiency of the public sector's spatial investments are discussed. In subject-matter the book links to the recent institutional interest in the property development process. The book may be of interest both to urban planners, geographers, economists and academics interested in real estate issues, and to advanced students in these fields. Practitioners in the property development industry and in the public sector may find the book valuable as well.