IDEAS home Printed from https://ideas.repec.org/a/taf/intjhp/v12y2012i3p367-380.html
   My bibliography  Save this article

Tackling Housing Market Volatility in the UK. Part I: Long- and Short-term Volatility

Author

Listed:
  • Mark Stephens

Abstract

The UK housing market has exhibited persistent price volatility over the past 40 years, which has deleterious social and economic consequences. This is the first of two papers to synthesise the work of the Joseph Rowntree Foundation's Housing Market Taskforce that was established to identify long-term solutions to tackle, first, the root causes of volatility and, second, to provide better protection for households from its consequences. This paper deals with the first of these issues. It argues that there is a need to improve housing supply to tackle volatility in the long run, but that that counter-cyclical policies are also required to tackle volatility in the short run.

Suggested Citation

  • Mark Stephens, 2012. "Tackling Housing Market Volatility in the UK. Part I: Long- and Short-term Volatility," International Journal of Housing Policy, Taylor & Francis Journals, vol. 12(3), pages 367-380.
    • Handle: RePEc:taf:intjhp:v:12:y:2012:i:3:p:367-380
    DOI: 10.1080/14616718.2012.709674
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/14616718.2012.709674
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/14616718.2012.709674?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Geoffrey M. Ngene & Daniel P. Sohn & M. Kabir Hassan, 2017. "Time-Varying and Spatial Herding Behavior in the US Housing Market: Evidence from Direct Housing Prices," The Journal of Real Estate Finance and Economics, Springer, vol. 54(4), pages 482-514, May.
    2. Balcilar, Mehmet & Gupta, Rangan & Sousa, Ricardo M. & Wohar, Mark E., 2021. "Linking U.S. State-level housing market returns, and the consumption-(Dis)Aggregate wealth ratio," International Review of Economics & Finance, Elsevier, vol. 71(C), pages 779-810.
    3. Charles Ka Yui Leung, 2015. "Availability, Affordability and Volatility: The Case of the Hong Kong Housing Market," International Real Estate Review, Global Social Science Institute, vol. 18(3), pages 383-428.
    4. Chyi Lin Lee & Richard G. Reed, 2014. "The Relationship between Housing Market Intervention for First-Time Buyers and House Price Volatility," Housing Studies, Taylor & Francis Journals, vol. 29(8), pages 1073-1095, November.
    5. Sarah Nield, 2015. "Mortgage Market Review: “Hard-Wired Common Sense?”," Journal of Consumer Policy, Springer, vol. 38(2), pages 139-159, June.
    6. Paraskevi Katsiampa & Kyriaki Begiazi, 2019. "An empirical analysis of the Scottish housing market by property type," Scottish Journal of Political Economy, Scottish Economic Society, vol. 66(4), pages 559-583, September.
    7. Girum D. Abate & Luc Anselin, 2016. "House price fluctuations and the business cycle dynamics," CREATES Research Papers 2016-06, Department of Economics and Business Economics, Aarhus University.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:intjhp:v:12:y:2012:i:3:p:367-380. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/REUJ20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.