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Accessibility and Supply Constraints in the Urban Housing Market

Author

Listed:
  • M.J. Ball

    (Department of Economics, Birkbeck College, University of London)

  • R.M. Kirwan

    (School of Architecture and Urban Planning, University of California at Los Angeles)

Abstract

This paper discusses some of the chief influences on the urban housing market and their significance for economic analysis. It then looks comparatively at the 'trade-off' approach and the sub-markets approach. Results from an empirical study of owner-occupier housing in Bristol are presented. Although spatial clusters of households and housing types clearly emerged, the empirical tests showed that such spatial structures did not produce separate sub-markets with independent price structures. The data also confirmed a general tendency for unit prices to decline with distance from the centre, but the authors question the importance of the 'trade-off' theory's accessibility factor relative to historical features and planning policies.

Suggested Citation

  • M.J. Ball & R.M. Kirwan, 1977. "Accessibility and Supply Constraints in the Urban Housing Market," Urban Studies, Urban Studies Journal Limited, vol. 14(1), pages 11-32, February.
    • Handle: RePEc:sae:urbstu:v:14:y:1977:i:1:p:11-32
    DOI: 10.1080/00420987720080021
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    References listed on IDEAS

    as
    1. Goldstein, Gerald S & Moses, Leon N, 1973. "A Survey of Urban Economics," Journal of Economic Literature, American Economic Association, vol. 11(2), pages 471-515, June.
    2. Alan W. Evans, 1973. "The Economics of Residential Location," Palgrave Macmillan Books, Palgrave Macmillan, number 978-1-349-01889-5, March.
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    Citations

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    Cited by:

    1. Elif Alkay, 2008. "Housing Submarkets in Istanbul," International Real Estate Review, Global Social Science Institute, vol. 11(1), pages 113-127.
    2. Xudong An & John Clapp & Yongheng Deng, 2010. "Omitted Mobility Characteristics and Property Market Dynamics: Application to Mortgage Termination," The Journal of Real Estate Finance and Economics, Springer, vol. 41(3), pages 245-271, October.
    3. Clapp, John M. & Wang, Yazhen, 2006. "Defining neighborhood boundaries: Are census tracts obsolete?," Journal of Urban Economics, Elsevier, vol. 59(2), pages 259-284, March.
    4. Mynbaev, Kairat & Ibrayeva, Saniya, 2011. "Housing market of Almaty," MPRA Paper 36683, University Library of Munich, Germany.
    5. Liv Osland & Inge Thorsen & Jens Petter Gitlesen, 2004. "The impact of labour market accessibility on housing prices," ERSA conference papers ersa04p355, European Regional Science Association.
    6. C.J. Barnett, 1984. "A Hedonic Price Model of Consumer Demand for Urban Land Attributes," Economics Discussion / Working Papers 84-01, The University of Western Australia, Department of Economics.

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