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Convergence and divergence in British housing space

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  • David Gray

Abstract

The degree of convergence that exists among British house prices is an open question. Inferences vary with the method applied and periods considered. Using the rank of the cointegrating matrix among four decades of regional data, two contiguous groups of regions are revealed. These super-regions have some common members through which price changes are transmitted from south to north. With London found to be deviating from the South East, neither it nor the UK are likely to be indicative of the regional series of the south of England.

Suggested Citation

  • David Gray, 2018. "Convergence and divergence in British housing space," Regional Studies, Taylor & Francis Journals, vol. 52(7), pages 901-910, July.
    • Handle: RePEc:taf:regstd:v:52:y:2018:i:7:p:901-910
    DOI: 10.1080/00343404.2017.1360480
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    Cited by:

    1. David Gray, 2020. "An international housing market in the British Isles: Evidence from business and medium-term cycles using a Friedman test," Urban Studies, Urban Studies Journal Limited, vol. 57(2), pages 307-322, February.
    2. Dominik Blatt & Kausik Chaudhuri & Hans Manner, 2021. "Spillover in the UK Housing Market," Graz Economics Papers 2021-13, University of Graz, Department of Economics.
    3. David Gray, 2019. "Medium-term cycles and housing: Is regional integration different?," Urban Studies, Urban Studies Journal Limited, vol. 56(9), pages 1786-1800, July.
    4. James E. Payne & Xiaojin Sun, 2023. "Time‐varying connectedness of metropolitan housing markets," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 51(2), pages 470-502, March.
    5. Yuanyuan Cai & Yingming Zhu & Marco Helbich, 2022. "Club convergence of regional housing prices in China: evidence from 70 major Cities," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 69(1), pages 33-55, August.
    6. Christian Reiner & Robert Musil, 2023. "The regional variation of a housing boom. Disparities of land prices in Austria, 2000–2018 [Die regionale Differenzierung eines Immobilien-Booms. Disparitäten der Baulandpreise in Österreich, 2000–," Review of Regional Research: Jahrbuch für Regionalwissenschaft, Springer;Gesellschaft für Regionalforschung (GfR), vol. 43(1), pages 125-146, April.
    7. David Gray, 2021. "A simple measure of beta-convergence revisited," Urban Studies, Urban Studies Journal Limited, vol. 58(12), pages 2569-2583, September.

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