Understanding neighbourhood housing market performance: untangling the sub-regional and neighbourhood drivers of market outcomes

Bramley, G., Leishman, C. and Watkins, D. (2008) Understanding neighbourhood housing market performance: untangling the sub-regional and neighbourhood drivers of market outcomes. Housing Studies, 23(2), pp. 179-212. (doi:10.1080/02673030701875113)

Bramley, G., Leishman, C. and Watkins, D. (2008) Understanding neighbourhood housing market performance: untangling the sub-regional and neighbourhood drivers of market outcomes. Housing Studies, 23(2), pp. 179-212. (doi:10.1080/02673030701875113)

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Abstract

Neighbourhood housing markets play a pivotal role in the evolution of the demographic, social and economic functioning of neighbourhoods, and hence are necessarily a key concern for national and local policy makers. This paper examines propositions about the determinants of neighbourhood housing market outcomes in England, particularly price changes over the last 10-20 years. These concern the influence of (sub-)regional economic and demographic forces, the nature and persistence of disequilibrium, the existence of sub-markets and the influence of supply. Data from a wide range of sources at ward and local levels underpins models of price level and change set within a multi-level structure. Results are discussed in relation to the role of neighbourhood in an understanding of the micro-structures of housing markets, as well as in relation to contemporary policies.

Item Type:Articles
Keywords:Housing market, changing demand, neighbourhoods, sub-markets
Status:Published
Refereed:Yes
Glasgow Author(s) Enlighten ID:Leishman, Prof Christian
Authors: Bramley, G., Leishman, C., and Watkins, D.
Subjects:H Social Sciences > HB Economic Theory
College/School:College of Social Sciences > School of Social and Political Sciences > Urban Studies
Journal Name:Housing Studies
Publisher:Taylor and Francis
ISSN:0267-3037
ISSN (Online):1466-1810

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