Eres : Digital Library : Works

Paper eres2014_228:
A cross-market analysis of land price and property price between the UK residential and commercial sectors

id eres2014_228
authors Lin, Fang-Ying
year 2014
title A cross-market analysis of land price and property price between the UK residential and commercial sectors
source 21st Annual European Real Estate Society Conference in Bucharest, Romania
summary There are numerous studies on discussing the relationship between land price and property price, but none of them analysing the cross relationships between commercial and residential sectors. This paper conducts an inquiry into the own and cross causality relationships between property prices and land prices between commercial and residential sectors in the UK over the period 1990s to 2010. Granger causality models show that: (1) own causality models: land price growth rate and housing price growth rate are interdependent significantly in the housing market. Nevertheless, the causality analysis results are not significant between commercial (including office and industrial markets) land and property markets; (2) cross causality models: housing price growth rate surprisingly granger cause industrial land price growth rates, but not vice versa. At the same time, housing price growth rate and office land price growth rate are related to each other.
series ERES:conference
email ucftfyl@ucl.ac.uk
more http://library.eres.org/cgi-bin/rsa98.pl?conf=ERES2014&type=session&theme=G &slot=2730
discussion No discussions. Post discussion ...
ratings
session G : Market Research, Analysis & Forecasting
last changed 2014/10/21 21:51
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