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Paper eres2005_215:
Spatial Diffusion in English Regional Housing Markets

id eres2005_215
authors Jensen-Butler, Chris and Arnab Bhattacharjee
year 2005
title Spatial Diffusion in English Regional Housing Markets
source Book of Abstracts: 2005 European Real Estate Society conference in association with the International Real Estate Society
summary We explore the nature of spatial diffusion of demand in regional housing markets in England. Our structural model, at the regional level, includes a demand function and a rental adjustment relationship expressed in terms of prices. We use a microeconomic model of housing market matching and search to identify the wedge between demand and supply, using data on time-on-the-market and degree of overpricing. We model space using different alternative notions, such as geographical distance, travel time, transport costs and socio-cultural distance. This methodology enables us to capture the nature and socio-economic drivers of pricechange diffusions in space and time more explicitly, and to derive implications for housing and land-use policy.
series ERES:conference
type normal paper
discussion No discussions. Post discussion ...
ratings
session Session F3
last changed 2008/11/01 09:47
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