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House price diffusion and inter‐regional and cross‐border house price dynamics

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  • Simon Stevenson

Abstract

This paper examines house price diffusion with the Republic of Ireland and between the Republic and Northern Ireland. The results show that a large degree of diffusion takes place, particularly from Dublin to the other regions, in a manner that is similar and consistent with the UK ripple effect. The results would also support previous evidence that the boom in the Irish housing market in the late 1990s was more evident and led by movements in the Dublin market. Evidence of the importance of contiguous and non‐contiguous areas is also evident beyond the Dublin effect. The results would also appear to support the view that the Northern Irish market is more linked with the housing market in the Republic than with the rest of the UK.

Suggested Citation

  • Simon Stevenson, 2005. "House price diffusion and inter‐regional and cross‐border house price dynamics," Journal of Property Research, Taylor & Francis Journals, vol. 21(4), pages 301-320, April.
    • Handle: RePEc:taf:jpropr:v:21:y:2005:i:4:p:301-320
    DOI: 10.1080/09599910500151228
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    References listed on IDEAS

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    1. Simon Stevenson, 2003. "Economic, Demographic and Fiscal Influences on Housing Market Dynamics," ERES eres2003_266, European Real Estate Society (ERES).
    2. Anthony Murphy & John Muellbauer, 1994. "Explaining regional house prices in the UK," Working Papers 199421, School of Economics, University College Dublin.
    3. Kieran McQuinn & Nuala O’Donnell & Mary Ryan, 2005. "Central Bank and Financial Services Authority of Ireland's model," Chapters, in: Gabriel Fagan & Julian Morgan (ed.), Econometric Models of the Euro-area Central Banks, chapter 11, Edward Elgar Publishing.
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