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The housing market in the United Kingdom: effects of house price volatility on households

journal contribution
posted on 2023-06-08, 18:08 authored by Richard Disney, Daniel Chandler
This paper describes the economics of the housing market and explains why house prices are likely to be more volatile than prices in other markets. It illustrates the volatility of house prices relative to some other key economic variables in the UK. The paper then considers the implications of variability in house prices for household behaviour, surveying a number of studies for the UK and elsewhere on the effects of house price volatility on consumption spending, indebtedness, labour supply, and entry to and exit from the homeownership market.

History

Publication status

  • Published

Journal

Fiscal Studies

ISSN

1475-5890

Publisher

Wiley

Issue

3

Volume

35

Page range

371-394

Department affiliated with

  • Economics Publications

Full text available

  • No

Peer reviewed?

  • Yes

Legacy Posted Date

2014-08-27

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