Are there booms and busts in the UK housing market?
AbstractThis paper examines the historical record of UK house prices to establish if there is evidence to suggest that there have been significant changes in the prices of houses. It does this be examining a measure of affordability. This is defined as the average UK house price over the Average wage. This paper attempts to generate a simple model of the housing market and compares this with the actual data to make a forecast of likely movement
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Bibliographic InfoPaper provided by EconWPA in its series Macroeconomics with number 0501004.
Length: 11 pages
Date of creation: 06 Jan 2005
Date of revision:
Note: Type of Document - pdf; pages: 11. would welcome the thoughts of others.
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Houseprice; markets; booms;
Find related papers by JEL classification:
- E - Macroeconomics and Monetary Economics
This paper has been announced in the following NEP Reports:
- NEP-ALL-2005-01-09 (All new papers)
- NEP-MAC-2005-01-09 (Macroeconomics)
- NEP-URE-2005-01-09 (Urban & Real Estate Economics)
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