Modelling Spatial Urban Housing Markets

Arnab Bhattacharjee; Eduardo Castro; João Marques

doi:10.4324/9780429327339-4

Modelling Spatial Urban Housing Markets

Arnab Bhattacharjee, Eduardo Castro, João Marques

Research output: Chapter in Book/Report/Conference proceeding › Chapter

Abstract

We discuss challenges of spatial housing market analyses, emphasising spatial patterns and dynamics, and uniqueness of housing as a composite good. Spatial fixity implies that a house cannot be detached from its location, leading to a complex relationship between housing and space. Then, spatial analyses and modelling must capture three key elements: spatial patterns (heterogeneity), spatial spillovers (dependence) and spatial scale. Together, nonstationarity, nongranularity and cointegration must be modelled. Emphasising the endogenous relationship between space and housing, we link theory and methods using illustrations from urban housing markets.

Original language	English
Title of host publication	The Routledge Handbook of Housing Economics
Editors	Kenneth Gibb, Chris Leishman, Alex Marsh, Geoffrey Meen, Rachel Ong ViforJ, Craig Watkins
Publisher	Taylor & Francis
Pages	27-42
Number of pages	16
ISBN (Electronic)	9780429327339
ISBN (Print)	9780367347178
DOIs	https://doi.org/10.4324/9780429327339-4
Publication status	Published - 29 Feb 2024

ASJC Scopus subject areas

General Social Sciences
Economics, Econometrics and Finance(all)
General Earth and Planetary Sciences
General Environmental Science

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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10.4324/9780429327339-4

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Modelling Spatial Urban Housing Markets

Abstract

ASJC Scopus subject areas

UN SDGs

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