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Are there booms and busts in the UK housing market?

Author

Listed:
  • Stuart Wattam

    (MDR Associates)

Abstract

This paper examines the historical record of UK house prices to establish if there is evidence to suggest that there have been significant changes in the prices of houses. It does this be examining a measure of affordability. This is defined as the average UK house price over the Average wage. This paper attempts to generate a simple model of the housing market and compares this with the actual data to make a forecast of likely movement

Suggested Citation

  • Stuart Wattam, 2005. "Are there booms and busts in the UK housing market?," Macroeconomics 0501004, University Library of Munich, Germany.
    • Handle: RePEc:wpa:wuwpma:0501004
    Note: Type of Document - pdf; pages: 11. would welcome the thoughts of others.
    as

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    File URL: https://econwpa.ub.uni-muenchen.de/econ-wp/mac/papers/0501/0501004.pdf
    Download Restriction: no
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    More about this item

    Keywords

    Houseprice; markets; booms;
    All these keywords.

    JEL classification:

    • E - Macroeconomics and Monetary Economics

    NEP fields

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