Climbing the property ladder: An analysis of market integration in London property prices

We investigate the long-run convergence of house prices across the London boroughs based on a pairwise unit root probabilistic testing procedure. In sharp contrast to the earlier literature, we employ a dataset that distinguishes between four different types of property in each borough. Using a quar...

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Autores:
Tipo de recurso:
Fecha de publicación:
2018
Institución:
Universidad del Rosario
Repositorio:
Repositorio EdocUR - U. Rosario
Idioma:
eng
OAI Identifier:
oai:repository.urosario.edu.co:10336/23420
Acceso en línea:
https://doi.org/10.1177/0042098017692303
https://repository.urosario.edu.co/handle/10336/23420
Palabra clave:
Amenity
Convergence
Data set
Housing market
Probability
Property market
Quality of life
England
London [england]
United kingdom
Cointegration
Convergence
House prices
Pairwise
Rights
License
Abierto (Texto Completo)
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network_acronym_str EDOCUR2
network_name_str Repositorio EdocUR - U. Rosario
repository_id_str
spelling eb727fd3-c31e-4a26-8c50-6f3fee0e65b3-15d0b120d-c27b-4e6f-9263-532c0ef0eef9-1792428146002020-05-26T00:01:53Z2020-05-26T00:01:53Z2018We investigate the long-run convergence of house prices across the London boroughs based on a pairwise unit root probabilistic testing procedure. In sharp contrast to the earlier literature, we employ a dataset that distinguishes between four different types of property in each borough. Using a quarterly dataset that spans from 1995 to 2014, we find evidence in favour of long-run convergence thereby suggesting that the great majority of London borough house prices are driven by a single common stochastic trend. In a further contribution, we offer new insights through analysing the determinants of long-run convergence, by considering the role of geographic proximity, type of accommodation and amenities (quality of life). © Urban Studies Journal Limited 2017.application/pdfhttps://doi.org/10.1177/0042098017692303004209801360063Xhttps://repository.urosario.edu.co/handle/10336/23420engSAGE Publications Ltd2681No. 122660Urban StudiesVol. 55Urban Studies, ISSN:00420980, 1360063X, Vol.55, No.12 (2018); pp. 2660-2681https://www.scopus.com/inward/record.uri?eid=2-s2.0-85043394771&doi=10.1177%2f0042098017692303&partnerID=40&md5=a7452e00d3e5e1521ff85ea82ba6f77eAbierto (Texto Completo)http://purl.org/coar/access_right/c_abf2instname:Universidad del Rosarioreponame:Repositorio Institucional EdocURAmenityConvergenceData setHousing marketProbabilityProperty marketQuality of lifeEnglandLondon [england]United kingdomCointegrationConvergenceHouse pricesPairwiseClimbing the property ladder: An analysis of market integration in London property pricesarticleArtículohttp://purl.org/coar/version/c_970fb48d4fbd8a85http://purl.org/coar/resource_type/c_6501Holmes, Mark JPanagiotidis, TheodoreOtero Cardona, Jesús Gilberto10336/23420oai:repository.urosario.edu.co:10336/234202022-05-02 07:37:21.502559https://repository.urosario.edu.coRepositorio institucional EdocURedocur@urosario.edu.co
dc.title.spa.fl_str_mv Climbing the property ladder: An analysis of market integration in London property prices
title Climbing the property ladder: An analysis of market integration in London property prices
spellingShingle Climbing the property ladder: An analysis of market integration in London property prices
Amenity
Convergence
Data set
Housing market
Probability
Property market
Quality of life
England
London [england]
United kingdom
Cointegration
Convergence
House prices
Pairwise
title_short Climbing the property ladder: An analysis of market integration in London property prices
title_full Climbing the property ladder: An analysis of market integration in London property prices
title_fullStr Climbing the property ladder: An analysis of market integration in London property prices
title_full_unstemmed Climbing the property ladder: An analysis of market integration in London property prices
title_sort Climbing the property ladder: An analysis of market integration in London property prices
dc.subject.keyword.spa.fl_str_mv Amenity
Convergence
Data set
Housing market
Probability
Property market
Quality of life
England
London [england]
United kingdom
Cointegration
Convergence
House prices
Pairwise
topic Amenity
Convergence
Data set
Housing market
Probability
Property market
Quality of life
England
London [england]
United kingdom
Cointegration
Convergence
House prices
Pairwise
description We investigate the long-run convergence of house prices across the London boroughs based on a pairwise unit root probabilistic testing procedure. In sharp contrast to the earlier literature, we employ a dataset that distinguishes between four different types of property in each borough. Using a quarterly dataset that spans from 1995 to 2014, we find evidence in favour of long-run convergence thereby suggesting that the great majority of London borough house prices are driven by a single common stochastic trend. In a further contribution, we offer new insights through analysing the determinants of long-run convergence, by considering the role of geographic proximity, type of accommodation and amenities (quality of life). © Urban Studies Journal Limited 2017.
publishDate 2018
dc.date.created.spa.fl_str_mv 2018
dc.date.accessioned.none.fl_str_mv 2020-05-26T00:01:53Z
dc.date.available.none.fl_str_mv 2020-05-26T00:01:53Z
dc.type.eng.fl_str_mv article
dc.type.coarversion.fl_str_mv http://purl.org/coar/version/c_970fb48d4fbd8a85
dc.type.coar.fl_str_mv http://purl.org/coar/resource_type/c_6501
dc.type.spa.spa.fl_str_mv Artículo
dc.identifier.doi.none.fl_str_mv https://doi.org/10.1177/0042098017692303
dc.identifier.issn.none.fl_str_mv 00420980
1360063X
dc.identifier.uri.none.fl_str_mv https://repository.urosario.edu.co/handle/10336/23420
url https://doi.org/10.1177/0042098017692303
https://repository.urosario.edu.co/handle/10336/23420
identifier_str_mv 00420980
1360063X
dc.language.iso.spa.fl_str_mv eng
language eng
dc.relation.citationEndPage.none.fl_str_mv 2681
dc.relation.citationIssue.none.fl_str_mv No. 12
dc.relation.citationStartPage.none.fl_str_mv 2660
dc.relation.citationTitle.none.fl_str_mv Urban Studies
dc.relation.citationVolume.none.fl_str_mv Vol. 55
dc.relation.ispartof.spa.fl_str_mv Urban Studies, ISSN:00420980, 1360063X, Vol.55, No.12 (2018); pp. 2660-2681
dc.relation.uri.spa.fl_str_mv https://www.scopus.com/inward/record.uri?eid=2-s2.0-85043394771&doi=10.1177%2f0042098017692303&partnerID=40&md5=a7452e00d3e5e1521ff85ea82ba6f77e
dc.rights.coar.fl_str_mv http://purl.org/coar/access_right/c_abf2
dc.rights.acceso.spa.fl_str_mv Abierto (Texto Completo)
rights_invalid_str_mv Abierto (Texto Completo)
http://purl.org/coar/access_right/c_abf2
dc.format.mimetype.none.fl_str_mv application/pdf
dc.publisher.spa.fl_str_mv SAGE Publications Ltd
institution Universidad del Rosario
dc.source.instname.spa.fl_str_mv instname:Universidad del Rosario
dc.source.reponame.spa.fl_str_mv reponame:Repositorio Institucional EdocUR
repository.name.fl_str_mv Repositorio institucional EdocUR
repository.mail.fl_str_mv edocur@urosario.edu.co
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