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

Rakesh K. Bissoondeeal

doi:10.1080/00343404.2020.1795108

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

Research output: Contribution to journal › Article › peer-review

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.

Original language	English
Pages (from-to)	256-268
Number of pages	13
Journal	Regional Studies
Volume	55
Issue number	2
Early online date	13 Aug 2020
DOIs	https://doi.org/10.1080/00343404.2020.1795108
Publication status	Published - 2021

Bibliographical note

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

Keywords

Granger causality
cointegration
housing market
regions
spillovers
stock market

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10.1080/00343404.2020.1795108

The links between regional house prices and share prices in the UK
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
Accepted author manuscript, 655 KB

Cite this

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AB - 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.

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

Abstract

Bibliographical note

Keywords

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