A roof over your head; house price peaks in the UK and Ireland

Peter Richmond

Physica A: Statistical Mechanics and its Applications, 2007, vol. 375, issue 1, 281-287

Abstract: We analyse, following recent work of Roehner, changes in house prices for both the UK and Ireland. We conclude that prices in the UK/London have reached a tipping point and relative to inflation are set to fall over the next few years. House prices (again relative to inflation) in Ireland are shown to have broken away from the more moderate rises found in the provinces of mainland UK, and Dublin seems to have emerged as another global ‘hot’ spot. An evolution similar to that in London can be anticipated.

Keywords: Econophysics; House prices; Real estate; Bubble; Prediction (search for similar items in EconPapers)
Date: 2007
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Citations: View citations in EconPapers (13)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:phsmap:v:375:y:2007:i:1:p:281-287

DOI: 10.1016/j.physa.2006.09.003

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