DEFINING HOUSING MARKET AREAS: THE LINKS TO LABOUR MARKET AREAS

Colin Jones, Mike Coombes and Colin Wymer

ERES from European Real Estate Society (ERES)

Abstract: The paper will discusses the use, logic and the theoretical issues underpinning the definitions of housing market areas (HMAs) and their relationships with labour market areas. Drawing on this understanding, the empirical research generates sets of different potential geographies of HMAs for England based on an algorithm that applies a range of criteria linked to the degree of closure of migration and commuting patterns. Based on a range of criteria/tests the different geographies are assessed. In particular standardised house prices in neighbouring HMAs are tested to assess whether they are different using hedonic multiple regressions and a Chow test to see if they generate statistically different coefficients. Finally conclusions are drawn on these relationships. The empirical work is on England and the datasets drawn from the Population Census and the Land Registry.

JEL-codes: R3 (search for similar items in EconPapers)
Date: 2010-01-01
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Persistent link: https://EconPapers.repec.org/RePEc:arz:wpaper:eres2010_192

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