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Delineating the Spatio‐Temporal Pattern of House Price Variation by Local Authority in England: 2009 to 2016

Chi, B; Dennett, A; Oléron‐Evans, T; Morphet, R; (2021) Delineating the Spatio‐Temporal Pattern of House Price Variation by Local Authority in England: 2009 to 2016. Geographical Analysis 10.1111/gean.12287. (In press). Green open access

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Abstract

Housing is a major source of inequality in England, but most house price variation studies are conducted at national or regional scale or, conversely, in a specific city. Detailed research at sub‐regional level is missing, especially for the period after the global financial crisis. This research addresses this gap with an analysis of variation at local authority level across England between 2009 and 2016. A novel house price per square meter (HPM) dataset is used to control for property size effects in transaction price variation. The effects of two spatial levels (local authority (LA)—and Middle Layer Super Output) together with three time categorizations (quarterly, half‐yearly, and yearly) is systematically explored using multilevel models. Results show that the time categorization effects are essentially identical and extremely small, in comparison with the LA effects. As annual effects provide the best model fit, LA annual house price trajectories are explored further. Overall higher HPM LAs grew faster over the 80‐year period than lower HPM LAs. More locally the spatial pattern shows some variation in the overall pattern, with some LAs near London or Bristol exhibiting higher relative percentage HPM increases with a relatively lower initial HPM compared with their neighbors.

Type: Article
Title: Delineating the Spatio‐Temporal Pattern of House Price Variation by Local Authority in England: 2009 to 2016
Open access status: An open access version is available from UCL Discovery
DOI: 10.1111/gean.12287
Publisher version: https://doi.org/10.1111/gean.12287
Language: English
Additional information: Copyright © 2021 The Authors. Geographical Analysis published by Wiley Periodicals LLC on behalf of The Ohio State University. This is an open access article under the terms of the Creative Commons Attribution‐NonCommercial License (http://creativecommons.org/licenses/by-nc/4.0/), which permits use, distribution and reproduction in any medium, provided the original work is properly cited and is not used for commercial purposes.
UCL classification: UCL
UCL > Provost and Vice Provost Offices > UCL BEAMS
UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of the Built Environment
UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of the Built Environment > Centre for Advanced Spatial Analysis
URI: https://discovery.ucl.ac.uk/id/eprint/10122747
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