The Ripple Effect in price and rent across tenure in the private housing market

Nan Liu

ERES from European Real Estate Society (ERES)

Abstract: We argue that economic shocks to a regional private housing market are transmitted through the hierarchical structure of the market, and this ripple effect is not only confined within the owner-occupier sector, but also across the private rented sector. Our empirical analysis is related to existing models of spatial ripple effects across housing markets, we use transaction prices and rents in the Aberdeen housing market of northeast Scotland, and our preliminary findings support the argument that economic shocks result domino effect in prices and rents through the quality continuum.

Keywords: Economic shock; Price; Private housing; Rent; Ripple effect (search for similar items in EconPapers)
JEL-codes: R3 (search for similar items in EconPapers)
Date: 2018-01-01
New Economics Papers: this item is included in nep-ure
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Persistent link: https://EconPapers.repec.org/RePEc:arz:wpaper:eres2018_194

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