Eres : Digital Library : Works

Paper eres2001_299:
Britainís Possessions Paradox: Explaining The Determination of Mortgage Possessions

id eres2001_299
authors White, Michael; Pryce, Gwilym
year 2001
title Britainís Possessions Paradox: Explaining The Determination of Mortgage Possessions
source 8th European Real Estate Society Conference (26-29 June 2001) Alicante, Spain
summary An enigma has emerged in the UK mortgage possessions data. As expected, possessions in England and Wales have been decreasing in line with falling unemployment and interest rates, but in Scotland, possessions are actually on the increase. This puzzling pattern in the data forms the rationale for a model of the determination of house possessions in Scotland. The paper examines a range of data north and south of the border and puts forward a number of hypotheses to explain the apparent conflicting trends in the level of possessions. An econometric model is then developed with the aim of testing these hypotheses in order to throw light on Britainís possessions paradox.
series ERES:conference
discussion No discussions. Post discussion ...
ratings
session European real estate finance
last changed 2009/07/10 18:07
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