Knoll, Katharina; Schularick, Moritz; Steger, Thomas - C.E.P.R. Discussion Papers - 2014
World War II dramatic reductions in transport costs expanded the supply of land and suppressed land prices. Since the mid-20 …How have house prices evolved in the long-run? This paper presents annual house price indices for 14 advanced economies … since 1870. Based on extensive data collection, we are able to show for the first time that house prices in most industrial …