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)

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