UK house price convergence clubs and spillovers

Alberto Montagnoli () and Jun Nagayasu

Journal of Housing Economics, 2015, vol. 30, issue C, 50-58

Abstract: Using a number of advanced statistical methods, this paper analyses the convergence and spillover effects of house prices across UK regions. In contrast to the single steady state often assumed in modern macroeconomic analyses, we find that house prices across UK regions can be grouped into four clusters, confirming the heterogeneity and complexity of the UK housing market. Moreover we document the dynamics of house price spillovers across regions.

Keywords: Regional house prices; Heterogeneity; Convergence; Spillovers (search for similar items in EconPapers)
JEL-codes: E31 E52 (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (37)

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Related works:
Working Paper: UK House Prices: Convergence Clubs and Spillovers (2013)
Working Paper: UK house prices: convergence clubs and spillovers (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:jhouse:v:30:y:2015:i:c:p:50-58

DOI: 10.1016/j.jhe.2015.10.003

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