The Housing Market in the United Kingdom: Effects of House Price Volatility on Households

2014 ◽  
Vol 35 (3) ◽  
pp. 371-394 ◽  
Author(s):  
Daniel Chandler ◽  
Richard Disney
Keyword(s):  
United Kingdom ◽  
Housing Market ◽  
House Price ◽  
Price Volatility ◽  
The United Kingdom ◽  
House Price Volatility

The Granular Origins of House Price Volatility

2017 ◽  
Author(s):  
Isaiah Hull ◽  
Conny Olovsson ◽  
Karl Walentin ◽  
Andreas Westermark
Keyword(s):  
House Price ◽  
Price Volatility ◽  
House Price Volatility

Heterogeneous expectation, beliefs evolution and house price volatility

2016 ◽  
Vol 53 ◽  
pp. 409-418 ◽  
Author(s):  
Hao Zhang ◽  
Yuyuan Huang ◽  
Haixiang Yao
Keyword(s):  
House Price ◽  
Price Volatility ◽  
House Price Volatility

House price volatility and negative equity

2018 ◽  
pp. 19-30
Author(s):  
Ray Forrest ◽  
Patricia Kennett ◽  
Philip Leather
Keyword(s):  
House Price ◽  
Price Volatility ◽  
House Price Volatility

The Interpretation of House Price Statistics for the United Kingdom

1981 ◽  
Vol 13 (9) ◽  
pp. 1109-1124 ◽  
Author(s):  
M C Fleming ◽  
J G Nellis
Keyword(s):  
United Kingdom ◽  
Critical Appraisal ◽  
House Prices ◽  
House Price ◽  
Price Inflation ◽  
The United Kingdom ◽  
Price Levels ◽  
Incomplete Coverage ◽  
The Uk

A survey is made of all official and unofficial sources of statistics on house prices in the UK. This is followed by a critical appraisal of the evidence they provide about national and regional price levels and about house price inflation. Attention is focused on two crucial factors: the representativeness of the data and the heterogeneity of houses. It is concluded that incomplete coverage of all house transactions means that most series tend to overstate price levels and that intertemporal and interregional comparisons are sensitive to the composition by type of houses traded.

Recession and Recovery in the United Kingdom in the 1990s: Identifying the Shocks

1996 ◽  
Vol 157 ◽  
pp. 97-106 ◽  
Author(s):  
Luis Catão ◽  
Ramana Ramaswamy
Keyword(s):  
United Kingdom ◽  
Housing Market ◽  
Vector Autoregression ◽  
Relative Magnitude ◽  
Var Model ◽  
Monetary Shocks ◽  
Demand Shocks ◽  
The United Kingdom ◽  
The Uk

This article uses a vector autoregression (VAR) approach to identify the causes of the 1990-92 recession in the UK. The VAR approach is shown to be particularly pertinent for quantifying the relative magnitude of the different demand shocks, and in decomposing them into monetary and expectational factors. The main finding is that the recent recession was precipitated primarily by shocks to consumption, and that the prior monetary tightening and the subsequent collapse in the housing market explain just part of this contraction. Non-monetary shocks also appear to have played an important role in bringing about the recession. The VAR model also offers interesting insights on the nature of the recovery that is currently under way.

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