Immigration and House Prices in the UK

Filipa Sa ()

No 5893, IZA Discussion Papers from Institute of Labor Economics (IZA)

Abstract: This article studies the effect of immigration on house prices in the UK. It finds that immigration has a negative effect on house prices and presents evidence that this negative effect is due to the mobility response of the native population. Natives respond to immigration by moving to different areas and those who leave are at the top of the wage distribution. This generates a negative income effect on housing demand and pushes down house prices. The negative effect of immigration on house prices is driven by local areas where immigrants have lower education.

Keywords: house prices; immigration (search for similar items in EconPapers)
JEL-codes: J61 R21 (search for similar items in EconPapers)
Pages: 30 pages
Date: 2011-07
New Economics Papers: this item is included in nep-lab, nep-mig and nep-ure
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

Published - published in: The Economic Journal, 2015, 125(587), 1393–1424

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