This paper studies house price dynamics of the different property types in Scotland. We find evidence of i) breakpoints around the recent financial crisis in three property types (flats, terraced, semi-detached) and in the average house prices, ii) volatility clustering in the detached house prices, with the CGARCH being the optimal volatility model, iii) negative impact of the unemployment and interest rates on house prices irrespective of the property type and positive effect of the CPI in the prices of the detached, terraced and average houses. Our results have significant implications for appropriate economic policy selection and investment management
This paper describes the economics of the housing market and explains why house prices are likely to...
The UK housing finance system is still recovering from the credit and financial crisis of 2007-2008....
A strong, stable and vibrant residential housing market occupies a pivotal position in any mature ec...
This paper studies house price dynamics of the different property types in Scotland. We find evidenc...
This paper examines the different risk and return profiles of four different property types in Engla...
This paper differs from previous research by examining the existence of structural breaks in the UK ...
This paper examines the recent performance, current state and future prospects of the Scottish housi...
This paper investigates the impact of the 2007 financial crisis on the relationship between real mor...
Click on the URL link to access the article (may not be free).In the wake of the 2007-2009 global fi...
Purpose – This paper aims to examine factors affecting house prices separating cyclical and structur...
The purpose of this brief paper is to make available the results of a statistical study which sought...
The housing market has been extensively investigated in the literature; however there is a lack of u...
Despite the lessons of the post-2007 housing crisis, it would be dangerous to suggest that there wil...
This study focuses on one particular local housing market in North East Scotland, and proposes an ef...
The price to rent ratio can be used to identify properties which are either overvalued or undervalue...
This paper describes the economics of the housing market and explains why house prices are likely to...
The UK housing finance system is still recovering from the credit and financial crisis of 2007-2008....
A strong, stable and vibrant residential housing market occupies a pivotal position in any mature ec...
This paper studies house price dynamics of the different property types in Scotland. We find evidenc...
This paper examines the different risk and return profiles of four different property types in Engla...
This paper differs from previous research by examining the existence of structural breaks in the UK ...
This paper examines the recent performance, current state and future prospects of the Scottish housi...
This paper investigates the impact of the 2007 financial crisis on the relationship between real mor...
Click on the URL link to access the article (may not be free).In the wake of the 2007-2009 global fi...
Purpose – This paper aims to examine factors affecting house prices separating cyclical and structur...
The purpose of this brief paper is to make available the results of a statistical study which sought...
The housing market has been extensively investigated in the literature; however there is a lack of u...
Despite the lessons of the post-2007 housing crisis, it would be dangerous to suggest that there wil...
This study focuses on one particular local housing market in North East Scotland, and proposes an ef...
The price to rent ratio can be used to identify properties which are either overvalued or undervalue...
This paper describes the economics of the housing market and explains why house prices are likely to...
The UK housing finance system is still recovering from the credit and financial crisis of 2007-2008....
A strong, stable and vibrant residential housing market occupies a pivotal position in any mature ec...