Global Cities and Local Challenges: Booms and Busts in the London Real Estate Market

In this paper we investigate the dynamic features of house prices in London. Using a generalized smooth transition model (GSTAR) we show that dynamic symmetry in price cycles in the London housing market is strongly rejected. We also show that the GSTAR model is able to replicate the features of the...

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Veröffentlicht in:	The journal of real estate finance and economics 2022, Vol.64 (1), p.1-29
Hauptverfasser:	Canepa, Alessandra, Chini, Emilio Zanetti, Alqaralleh, Huthaifa
Format:	Artikel
Sprache:	eng
Schlagworte:	Economics Economics and Finance Financial Services Global cities Housing market Housing prices Prices Real estate Real estate sales Regional/Spatial Science Symmetry
Online-Zugang:	Volltext
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