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A Regional Comparison of House Price Inflation Rates in Britain, 1967-76

Department of Political Economy, University of Aberdeen

Duncan Maclennan

Department of Social and Economic Research, University of Glasgow

The paper presents by using regionally disaggregated data for the British Economic Planning Regions some questions on the usefulness of current macro-oriented approaches to the modelling of house price inflation. The paper indicates that such models should be restricted in their use to national levels. It argues that a more disaggregated approach to the analysis of house price changes would not only be locally useful but would take account of housing research on the micro level.

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