Mobility Constraints and Cycles in the Owner Occupied Housing Market

Research output: Contribution to journalArticlepeer-review

Abstract

Very little empirical attention has been given to the mobility constraints linked to accessibility to and upgrading within home ownership. Both are central to the operation of the housing market and can be seen within a framework of housing careers. This paper places them also in the context of changing housing market conditions and in particular the role of housing cycles. The research simulates, in purely financial terms, the behaviour of the average first-time buyers in each region of the UK over three decades. The analysis finds the accessibility mobility constraint is more psychological than financial but is also dependent on interest rates and the scale and duration of market downturns. The analysis of the upgrading constraint through housing cycles demonstrates that the ease of moving in the upturn fuels a boom but the subsequent inabilities to accumulate the capital necessary for such a move brings a long muted recovery.
Original languageEnglish
JournalHousing, Theory and Society
Early online date2 Aug 2021
DOIs
Publication statusE-pub ahead of print - 2 Aug 2021

Keywords

  • Mobility constraints
  • first-time buyers
  • housing cycles
  • trading up
  • up grading

ASJC Scopus subject areas

  • Development
  • Sociology and Political Science
  • Urban Studies

Fingerprint

Dive into the research topics of 'Mobility Constraints and Cycles in the Owner Occupied Housing Market'. Together they form a unique fingerprint.

Cite this