Demographic Change and the Housing Market: Evidence from a Comparison of Scotland and England
Eric Levin,
Alberto Montagnoli () and
Robert Wright ()
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Eric Levin: Department of Urban Studies, University of Glasgow, 25 Bute Gardens, Glasgow, G12 8RS, UK, e.levin@socsci.gla.ac.uk
Urban Studies, 2009, vol. 46, issue 1, 27-43
Abstract:
This paper examines the impact of demographic change on the housing market. More specifically, a difference-in-differences methodology is used to explore the effect of population decline and population ageing on house prices in Scotland and England/Wales. The analysis suggests that population decline and population ageing put downward pressure on prices. Therefore, the long-run trend of rising real house prices can not be assumed to continue into the future, particularly in Scotland.
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:sae:urbstu:v:46:y:2009:i:1:p:27-43
DOI: 10.1177/0042098008098635
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