The links between regional house prices and share prices in the UK

Abstract

The study investigates the interrelationships between house prices and share prices at the national and regional levels in the UK. It also investigates whether London house prices spill over to other regions of the UK. In the long-run, share prices and house prices share a negative relationship, but in the short-run, they are positively related. It is found that London prices are influencing prices in other regions, but there is also evidence of other UK regions influencing London property prices. In addition, regional differences in the response of house prices to movements in the stock market are found.

Publication DOI: https://doi.org/10.1080/00343404.2020.1795108
Divisions: College of Business and Social Sciences > Aston Business School > Economics, Finance & Entrepreneurship
College of Business and Social Sciences > Aston Business School
Additional Information: This is an Accepted Manuscript of an article published by Taylor & Francis Group in Regional Studies on 13 August 2020, available online at: http://www.tandfonline.com/10.1080/00343404.2020.1795108
Uncontrolled Keywords: Granger causality,cointegration,housing market,regions,spillovers,stock market,General Environmental Science,General Social Sciences
Publication ISSN: 1360-0591
Last Modified: 13 Dec 2024 08:17
Date Deposited: 24 Aug 2020 08:40
Full Text Link:
Related URLs: https://www.tan ... rnalCode=cres20 (Publisher URL)
http://www.scop ... tnerID=8YFLogxK (Scopus URL)
PURE Output Type: Article
Published Date: 2021
Published Online Date: 2020-08-13
Accepted Date: 2020-06-16
Authors: Bissoondeeal, Rakesh K. (ORCID Profile 0000-0003-3950-0507)

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