IDEAS home Printed from https://ideas.repec.org/a/taf/jpropr/v19y2002i3p231-251.html
   My bibliography  Save this article

Speculative housing supply land and housing, markets: a comparison

Author

Listed:
  • Andrew Golland
  • Peter Boelhouwer

Abstract

Speculative development is significant as a way of providing new owner occupied housing in Europe. Yet because this sector of supply is developed under very different policy conditions, the relationships between new build output, housing markets and the wider economy can vary considerably. Previous research, which has sought to understand the determinants of speculative housing development, has largely failed to recognize the contribution that can result from a comparative European study. In this paper, the UK is compared with the Netherlands, where speculative housing sectors operate under different land and planning systems. Supply or 'cost' based theoretical frameworks are contrasted with quantity 'signal' approaches in an investigation of the relationship between macroeconomy, existing housing, and new build market. It is shown, via an analysis of the period 1975-1997, that both UK and Dutch speculative housing sectors respond to a significant extent to changes in housing market indicators such as the level of turnover and house prices; however, Dutch speculative housing output has been more responsive to changes in the wider economy. This is explained not only in terms of the system of municipal land supply, but also in terms of a tenure neutral new build housing policy. It is argued that although there will be some convergence with respect to the long run land-house price relationship, development industries will continue to operate very differently, particularly in dealing with public sector bodies.

Suggested Citation

  • Andrew Golland & Peter Boelhouwer, 2002. "Speculative housing supply land and housing, markets: a comparison," Journal of Property Research, Taylor & Francis Journals, vol. 19(3), pages 231-251.
    • Handle: RePEc:taf:jpropr:v:19:y:2002:i:3:p:231-251
    DOI: 10.1080/09599910210151332
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/09599910210151332
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/09599910210151332?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. Karolien De Bruyne & Jan Van Hove, 2013. "Explaining the spatial variation in housing prices: an economic geography approach," Applied Economics, Taylor & Francis Journals, vol. 45(13), pages 1673-1689, May.
    2. Michael Ball, 2003. "Markets and the Structure of the Housebuilding Industry: An International Perspective," Urban Studies, Urban Studies Journal Limited, vol. 40(5-6), pages 897-916, May.

    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:jpropr:v:19:y:2002:i:3:p:231-251. 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/RJPR20 .

    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.