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The Ripple Effect in price and rent across tenure in the private housing market

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  • Nan Liu

Abstract

We argue that economic shocks to a regional private housing market are transmitted through the hierarchical structure of the market, and this ripple effect is not only confined within the owner-occupier sector, but also across the private rented sector. Our empirical analysis is related to existing models of spatial ripple effects across housing markets, we use transaction prices and rents in the Aberdeen housing market of northeast Scotland, and our preliminary findings support the argument that economic shocks result domino effect in prices and rents through the quality continuum.

Suggested Citation

  • Nan Liu, 2018. "The Ripple Effect in price and rent across tenure in the private housing market," ERES eres2018_194, European Real Estate Society (ERES).
    • Handle: RePEc:arz:wpaper:eres2018_194
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    File URL: https://eres.architexturez.net/doc/oai-eres-id-eres2018-194
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    Keywords

    Economic shock; Price; Private housing; Rent; Ripple effect;
    All these keywords.

    JEL classification:

    • R3 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location

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