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Booms and Busts in the UK Housing Market

John Muellbauer and Anthony Murphy ()

Economics Papers from Economics Group, Nuffield College, University of Oxford

Abstract: The often volatile behaviour of UK house prices between 1957 and 1994 is analysed in an annual econometric model. Theory suggests that financial liberalization of mortgage markets in the 1980s should have led to notable shifts in house price behaviour.

Keywords: HOUSING; ECONOMETRIC MODELS (search for similar items in EconPapers)
JEL-codes: C51 R21 (search for similar items in EconPapers)
Pages: 28 pages
Date: 1996
References: Add references at CitEc
Citations: View citations in EconPapers (33)

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Journal Article: Booms and Busts in the UK Housing Market (1997) Downloads
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