Demographic Change and the Housing Market: Evidence from a Comparison of Scotland and England

Citation

Levin E, Montagnoli A & Wright RE (2009) Demographic Change and the Housing Market: Evidence from a Comparison of Scotland and England. Urban Studies, 46 (1), pp. 27-43. http://search.ebscohost.com/login.aspx?direct=true&db=ecn&AN=1018076&site=ehost-live;http://usj.sagepub.com/; https://doi.org/10.1177/0042098008098635

Abstract
This paper examines the impact of demographic change on the housing market. More specifically, a difference-in-differences methodology is used to explore the effect of population decline and population ageing on house prices in Scotland and England/Wales. The analysis suggests that population decline and population ageing put downward pressure on prices. Therefore, the long-run trend of rising real house prices can not be assumed to continue into the future, particularly in Scotland.

Keywords
analysis; ENGLAND; EUROPE; evidence; Future; Glasgow; housing; Housing Supply and Markets R310; IMPACT; market; Methodology; NUMBER; Population; PRESSURE; PRICES; REAL; REGION; Scotland; Stirling; Urban,Rural,and Regional Economics: Housing Demand R210; Urban,Rural,and Regional Economics: Regional Migration; Regional Labor Markets; Population; Neighborhood Characteristics R230

Journal
Urban Studies: Volume 46, Issue 1