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Assessing influences upon the housing market in Northern Ireland

Author

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  • Alastair Adair
  • Jim Berry
  • Stanley McGreal

Abstract

Initially, this paper reviews the relationship between the private housing sector and the macroeconomy. Attention focuses upon the divergent behaviour of the housing market at a regional level, using the case of Northern Ireland, relative to that for the national United Kingdom market. Econometric modelling indicates that the primary factor influencing performance within the province is disposable income, with risk arising from political instability a secondary factor. It is argued that lower price elasticities have been instrumental in producing a regional housing market which exhibits counter-cyclical tendencies relative to the national perspective.

Suggested Citation

  • Alastair Adair & Jim Berry & Stanley McGreal, 1998. "Assessing influences upon the housing market in Northern Ireland," Journal of Property Research, Taylor & Francis Journals, vol. 15(2), pages 121-134, January.
    • Handle: RePEc:taf:jpropr:v:15:y:1998:i:2:p:121-134
    DOI: 10.1080/095999198368437
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    Cited by:

    1. Francois Des Rosiers & Marius Thériault & Paul-Y Villeneuve & Yan Kestens, 2001. "Isolating Spatial from A-spatial Components of Housing Attributes Using Kriging Techniques," ERES eres2001_149, European Real Estate Society (ERES).

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