A Regional Comparison of House Price Inflation Rates in Britain, 1967-76

The paper presents by using regionally disaggregated data for the British Economic Planning Regions some questions on the usefulness of current macro-oriented approaches to the modelling of house price inflation. The paper indicates that such models should be restricted in their use to national levels. It argues that a more disaggregated approach to the analysis of house price changes would not only be locally useful but would take account of housing research on the micro level.