A study of English house price data with spatial dependence
||A study of English house price data with spatial dependence
||22nd Annual European Real Estate Society Conference in Istanbul, Turkey
||This paper exploits recent developments in spatial econometrics to investigate local authority level house prices in England. It extends upon previous related studies in three ways. First, the research overcomes the hurdles related to boundary changes by focusing on a ten year dataset for the period 2004 -2013. This is enabled through rigorous and systematic data mining to enable analysis at the current level of 326 English local authorities (unitary and districts). Second, based on urban economic theory, the model is expanded (with regard to previous studies) to include economic and social variables. Finally, various specifications of the weight matrix are tested for different levels of spatial dependence and theoretical insights from the fields of regional and urban economy.
||Average house prices, Spatial dependence, English local authorities
||file.pdf (673,941 bytes)
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||Real Estate & Regional and Urban Economics
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