Housing Markets and Resource Sector Fluctuations: A Cross-Border Comparative Analysis

Recent research has sought to better understand resource and housing market cycles longitudinally and define clear phases in order to understand interactions between the two over time. This is a necessary step forward in housing market knowledge for this under researched area, particularly in an economically unique context. This paper expands knowledge by undertaking a comparative study of town housing markets in Queensland’s coal mining Bowen Basin and Sweden’s northern municipalities—specifically Gallivare and Kiruna—where a long history of iron ore mining exists. This paper analyses these housing markets using longitudinal data spanning two decades, which includes two resources cycles in two geographically disparate locations. The results indicate that the housing market in Queensland, Australia, is far more volatile than the housing market in the Swedish municipalities. The regional housing market in Sweden’s municipalities tend to be less dependent on resource price and output from mines than their Australian counterparts. Part of the explanation for this is that the Swedish towns examined are less of the traditional mining town known from previous studies, and more a town with mining. Developing and improving understanding of markets over the duration of a cycle is important. Particular value is apparent in the comparison and contrasting of two separate resource regions encompassing resource reliant communities in two different countries. Importantly, the linkage of research regions through resource relationships leads to groundbreaking research which will have practical benefit to multiple economies, housing markets and for policy-makers alike.

FEATURES OF THE HOUSING CONSTRUCTION MARKET DEVELOPMENT

The article is devoted to the promising directions and trends in the formation of the regional housing construction market, the limitations of its development at the regional level. The situational analysis of the regional housing market is carried out, the key factors of influence on the behavior of the key subjects of the Perm Region, the dynamics of supply and demand are determined. The specifics of the regional conditions of housing construction are justified. The development of the industry stimulates the demand for goods and services in other economic activities, such as the production of materials, utilities, and the sale of real estate. The market analysis is carried out to study the factors that contribute to improving the level of well-being of the population, the reproductive function of citizens, the uniform development of the regional and state economy, which can be achieved under equal conditions for the development of territories, as well as the ability of each category of citizens to have their own housing and optimal housing conditions.

Localized or Regional? Urban Housing Policy Spillover in China’s Urban Agglomerations 2010–2018

Spatio-temporal model and event analysis were integrated in this paper, with 156 prefecture level cities’ housing transaction data and 167 items policies proposed by 10 central cities between January, 2010 and December, 2018 as samples. This paper studied the regional and cross-regional spillover effects of central cities’ urban housing regulation policies to the peripheral cities in the scope of urban agglomerations, as well as the policy-driven interactions of different regional real estate markets. The results indicated that: China’s regional housing market has obvious characteristics of policy orientation, of which the regulation measures on some central cities can affect the residential market and produce certain spillover interference on the market fluctuations of peripheral cities in time and space dimension. When geographical factor was considered, the 10 central cities had different degree of policy spillover effects caused by distinct policy types in their respective urban agglomerations. When ignoring spatial factors, restrictive policies in Beijing, Shanghai, Zhengzhou, Xi’an, Wuhan and Shenzhen had significant cross-regional spillover effects and drove the surrounding housing markets to have geared interactions, which to a certain extent revealed the flowing way of population and wealth in China’s regional economy during the past dozen years.

Regional housing price dependency in the UK: A dynamic network approach

The cross-regional dependency in the UK housing market is analysed using regional house price indices. In this article, a network approach based on partial correlations is proposed, along with rolling-window analysis to consider potential time-varying dependency. The results show that house prices in the outer South East region have the strongest influence on regional housing market interactions in the UK. This influence is stronger when the markets are highly interconnected, whereas the house prices in London have the strongest influence when the UK regional housing markets are relatively less connected.

Approaches to mapping the regional housing market to provide visualization of the National Project “Housing and Urban Environment”

The article shows various ways of mapping the regional residential real estate market, which can be used in the future to visualize the National Project “Housing and Urban Environment”, implemented until 2024. The author demonstrates different types of cartodiagrams. It is shown that the equipment of residential real estate is more convenient to display a petal cartodiagram. Attention is paid to the use of cartodiagram with stroke, the semicircular and mesh cartodiagram. The author gives a significant place in the publication to the method of mapping housing affordability for citizens, as one of the important tasks of the National Project “Housing and Urban Environment” is to create conditions for increasing the level of affordability of residential real estate acquisition. There are 4 availability indicators that can be displayed on the map using special cartograms and the cartogram method. The most successful option, according to the author, is a combination of two techniques for the image of a cartogram on one map. Attention and rather rare means of socio-economic mapping, in particular the pseudoisolines (of isopleth). The author notes that this method is one of the most obvious in mapping the residential real estate market, especially the price situation. The article, by building isoprices, it was clearly shown how to identify the main geographical factors in the pricing of the housing market. Attention is paid to the geoinformation component of the isopleth construction. The algorithm of working with them using the Spatial Analyst module of the ArcView GIS program is shown. According to the author, cartographic research should be completed with the construction of synthetic maps. One example of synthesis in mapping the housing market is a map of its geographical segmentation. Such maps can be supplemented with matrix legends. The author emphasizes the importance of moving away from primitive maps with one or two cartographic methods to complex maps.