Abstract
Neighbourhood housing markets play a pivotal role in the evolution of the demographic, social and economic functioning of neighbourhoods, and hence are necessarily a key concern for national and local policy makers. This paper examines propositions about the determinants of neighbourhood housing market outcomes in England, particularly price changes over the last 10-20 years. These concern the influence of (sub-)regional economic and demographic forces, the nature and persistence of disequilibrium, the existence of sub-markets and the influence of supply. Data from a wide range of sources at ward and local levels underpins models of price level and change set within a multi-level structure. Results are discussed in relation to the role of neighbourhood in an understanding of the micro-structures of housing markets, as well as in relation to contemporary policies.
Original language | English |
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Pages (from-to) | 179-212 |
Number of pages | 34 |
Journal | Housing Studies |
Volume | 23 |
Issue number | 2 |
DOIs | |
Publication status | Published - Mar 2008 |
Keywords
- Changing demand
- Housing market
- Neighbourhoods
- Sub-markets