This Article Full Text (PDF) References Alert me when this article is cited Alert me if a correction is posted Services Email this article to a friend Similar articles in this journal Alert me to new issues of the journal Add to Saved Citations Download to citation manager Request Permissions Request Reprints Add to My Marked Citations Citing Articles Citing Articles via Google Scholar Citing Articles via Scopus Google Scholar Articles by Jones, C. Articles by Leishman, C. Search for Related Content Social Bookmarking                         What's this?

Spatial Dynamics of the Housing Market: An Interurban Perspective

School of the Built Environment, Heriot-Watt University, Riccarton, Edinburgh, EH14 4AS, UK, c.a.jone.r{at}hw.ac.uk

Chris Leishman

School of the Built Environment, Heriot-Watt University, Riccarton, Edinburgh, EH14 4AS, UK, c.m.leishman{at}hw.ac.u

A major unproven hypothesis in housing economics is that regional ripple effects are caused by household migration between regions. This paper examines household migration and price ripples at the level of local housing markets driven partly by the fact that such migration linkages are likely to be more pronounced between local, rather than regional, housing markets. Following a review of regional housing market studies, several hypotheses linking the existence of lead-lag relationships and cointegration with the scale of migratory linkages between local housing market areas (LHMAs) are proposed. Using private housing transactions data for Strathclyde, a sub-region of Scotland, the paper identifies two clusters of LHMAs that differ in terms of their migratory linkages with Glasgow, the hypothesised leading housing market of the sub-region. Tests for lead-lag relationships and cointegration confirm the link between migration and house price changes.

Urban Studies, Vol. 43, No. 7, 1041-1059 (2006)
DOI: 10.1080/00420980600711316


CiteULike    Complore    Connotea    Del.icio.us    Digg    Reddit    Technorati    Twitter    What's this?