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Box B: Housing Divides – Cultural Diversity, Property Values, and the Uneven Geography of Opportunity in Northern Ireland

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  • Rachel Cho
  • Hisham Farag
  • Christoph Görtz
  • Danny McGowan
  • Huyen Nguyen
  • Max Schröder

Abstract

Would you pay a premium to live in a multicultural neighbourhood? New research from Northern Ireland finds that many homebuyers do exactly that. This finding is significant, not just because it reveals something about peoples' preferences for their living environments, but because house prices can profoundly influence wealth inequality, community integration, and social mobility. In the United Kingdom, housing typically represents the largest component of household wealth. When house prices rise, homeowners gain more wealth, potentially exacerbating inequalities between property owners and renters. Thus, understanding what drives house prices, including the cultural composition of neighbourhoods, can help policymakers shape fairer and more inclusive housing markets.

Suggested Citation

  • Rachel Cho & Hisham Farag & Christoph Görtz & Danny McGowan & Huyen Nguyen & Max Schröder, 2025. "Box B: Housing Divides – Cultural Diversity, Property Values, and the Uneven Geography of Opportunity in Northern Ireland," National Institute UK Economic Outlook, National Institute of Economic and Social Research, issue 19, pages 39-42.
    • Handle: RePEc:nsr:niesra:i:19y:2025p:39-42
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    File URL: https://niesr.ac.uk/publications/housing-divides?type=uk-economic-outlook-box-analysis
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