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The Definition of Housing Market Areas and Strategic Planning

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  • Colin Jones

    (Department of Building Engineering and Surveying, Heriot-Watt University, Riccarton, Edinburgh, EH14 4AS, UK, C.A.Jones@hw.ac.uk)

Abstract

The purpose of this paper is to develop the concept of a housing market area, thereby provide insights into our understanding of the sub-regional structures of the housing system and hence propose a framework for strategic planning research in the housing market. To tackle this task, it is first necessary to consider the criteria for a local housing market area. The paper begins by reviewing previous definitions by both academics and planners, and their underlying assumptions. Based on the principle of spatial arbitrage, a local housing market area is defined by reference to criteria linked to migration self-containment. Parallels are drawn with the principles that have been applied to define a system of spatial labour markets using travel-to-work areas. This spatial arbitrage definition is tested empirically by developing a system of housing market areas for west central Scotland using data derived from the Land Registry. Finally, the paper draws together the empirical findings to discuss the nature of spatial housing markets and the implications for strategic planning. It argues that the establishment of a geography of functional housing market areas represents the first step in the development of systematic planning research.

Suggested Citation

  • Colin Jones, 2002. "The Definition of Housing Market Areas and Strategic Planning," Urban Studies, Urban Studies Journal Limited, vol. 39(3), pages 549-564, March.
    • Handle: RePEc:sae:urbstu:v:39:y:2002:i:3:p:549-564
    DOI: 10.1080/00420980220112829
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    References listed on IDEAS

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    1. Stigler, George J & Sherwin, Robert A, 1985. "The Extent of the Market," Journal of Law and Economics, University of Chicago Press, vol. 28(3), pages 555-585, October.
      • Stigler, George J. & Sherwin, Robert A., 1983. "The Extent of the Market," Working Papers 31, The University of Chicago Booth School of Business, George J. Stigler Center for the Study of the Economy and the State.
    2. Gwilym Pryce, 1999. "Construction Elasticities and Land Availability: A Two-stage Least-squares Model of Housing Supply Using the Variable Elasticity Approach," Urban Studies, Urban Studies Journal Limited, vol. 36(13), pages 2283-2304, December.
    3. Alan W. Evans, 1973. "The Economics of Residential Location," Palgrave Macmillan Books, Palgrave Macmillan, number 978-1-349-01889-5, September.
    4. Goodman, John L, Jr, 1998. "Aggregation of Local Housing Markets," The Journal of Real Estate Finance and Economics, Springer, vol. 16(1), pages 43-53, January.
    5. Schnare, Ann B. & Struyk, Raymond J., 1976. "Segmentation in urban housing markets," Journal of Urban Economics, Elsevier, vol. 3(2), pages 146-166, April.
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    Cited by:

    1. Vicente Royuela & Miguel A. Vargas, 2009. "Defining Housing Market Areas Using Commuting and Migration Algorithms: Catalonia (Spain) as a Case Study," Urban Studies, Urban Studies Journal Limited, vol. 46(11), pages 2381-2398, October.
    2. David Gray, 2015. "Hidden Properties of Irish House Price Vintages," Housing Studies, Taylor & Francis Journals, vol. 30(8), pages 1317-1353, November.
    3. Pia Nilsson, 2017. "Are valuations of place-based amenities driven by scale?," Housing Studies, Taylor & Francis Journals, vol. 32(4), pages 449-469, May.
    4. Höwer, Daniel & Oberst, Christian A. & Madlener, Reinhard, 2017. "Regionalization Heuristic to Map Spatial Heterogeneity of Macroeconomic Impacts: The Case of the Green Energy Transition in NRW," FCN Working Papers 13/2017, E.ON Energy Research Center, Future Energy Consumer Needs and Behavior (FCN), revised 01 Feb 2019.

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