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DOI: 10.1080/0042098976203 © 1997 Urban Studies Journal Limited The Local Housing Sub-market Structure and Its PropertiesCentre for Housing Research and Urban Studies, 25 Bute Gardens, University of Glasgow, G11 7SS, Glasgow, Scotland, Y. Tu @ Socsci.gla.ac.uk This paper gives a definition of urban owner-occupier housing sub-market structure. A dynamic stock flow approach is applied to this structure to understand its short-term equilibrium properties and long-term dynamic process. The paper concludes by investigating the connections between urban owner-occupier housing sub-market operation and some wider urban issues, with further reflections on new research directions which can provide a deeper insight into the urban system.
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