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A Tale of Two Cities: is Overvaluation a Capital Issue?

Abstract:

Empirical evidence on what drives house prices, such as income changes, extrapolative expectations and differences in supply elasticities, is important. In many countries, house price movements in major cities such as the capital are more extreme and often seem to lead the rest of the country. This chapter therefore proposes a framework for analysing prices at a regional level, with an application to London illustrating its leading role and the ripple effect in other UK regions. As is also sh...

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Publication status:
Published
Peer review status:
Reviewed (other)

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Institution:
University of Oxford
Division:
SSD
Department:
Economics
Sub department:
EMOD
Oxford college:
Keble College
Role:
Author

Contributors

Role:
Editor
Role:
Editor
Role:
Editor
Role:
Editor
Publisher:
Springer
Host title:
Hot Property - The Housing Market in Major Cities
Pages:
51-62
Publication date:
2019-06-26
Keywords:
Pubs id:
pubs:909481
UUID:
uuid:feb951d0-e14e-4228-8265-259e96cb32a0
Local pid:
pubs:909481
Source identifiers:
909481
Deposit date:
2018-08-22

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