The dynamics of UK national and regional house prices

M. Munro, [No Value] Yong Tu

    Research output: Contribution to journalArticle

    21 Citations (Scopus)

    Abstract

    In this paper, the Johansen cointegration technique is applied to modeling the dynamics of national and regional house prices. It is concluded that household income, real mortgage rate and housing completions are significant factors influencing house price changes at the national level. The underlying structure of the national market is investigated, showing that while price trends in some regions of the UK are strongly related by causal processes, others are relatively independent.

    Original languageEnglish
    Pages (from-to)186-201
    Number of pages16
    JournalReview of Urban and Regional Development Studies
    Volume8
    Issue number2
    Publication statusPublished - 1996

    Fingerprint Dive into the research topics of 'The dynamics of UK national and regional house prices'. Together they form a unique fingerprint.

    Cite this