An empirical analysis of the Scottish housing market by property type
Bibliographic Data
| ID | 10492185 |
|---|---|
| Authors | Paraskevi Katsiampa (0000-0003-0477-6503, University of Sheffield, corresponding author), Kyriaki Begiazi (0000-0003-2178-6615, Oxford Brookes University) |
| Year | 2019 |
| Volume | 66 |
| Issue | 4 |
| Pages | 559-583 |
| Publication date | 2019-03-11 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Scottish Journal of Political Economy (JOURNAL) |
| Journal identifiers | ISSN: 0036-9292 • E-ISSN: 1467-9485 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1111/sjpe.12210 |
| OpenAlex | W2921488509 |
| Language | EN |
| Citations received | 1 |
| References cited | 64 |
This paper studies house price dynamics of the different property types in Scotland. We find evidence of i) breakpoints around the recent financial crisis in three property types (flats, terraced, semi‐detached) and in the average house prices, ii) volatility clustering in the detached house prices, with the CGARCH being the optimal volatility model, iii) negative impact of the unemployment and interest rates on house prices irrespective of the property type and positive effect of the CPI in the prices of the detached, terraced and average houses. Our results have significant implications for appropriate economic policy selection and investment management
Economic geography · Economics · Financial economics · Geography · House price · Macroeconomics · Monetary economics · Residential property · Single-family detached home · Unemployment · Volatility (finance · Volatility clustering · Financial Literacy, Pension, Retirement Analysis · Housing Market and Economics · Spatial and Panel Data Analysis
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| Highly cited | No |
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