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  • 2016yusupovaphd

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An econometric analysis of U.K. regional real estate markets

Research output: ThesisDoctoral Thesis

Published
Publication date2016
Number of pages123
QualificationPhD
Awarding Institution
Supervisors/Advisors
Publisher
  • Lancaster University
Original languageEnglish

Abstract

This thesis presents an analysis of UK national and regional property price dynamics with the focus on changes in the time-series properties of real estate prices and their forecastability. The main research questions addressed are the following. First, have UK regional property prices experienced episodes of explosive dynamics in the past and if so, can these episodes be explained by movements in economic fundamentals. Second, considering the substantial instability of UK real estate markets over the last few decades, which are the best econometric models for predicting future house price dynamics and which economic variables are the most important drivers of property prices movements.