This paper presents and tests a model of house price speculation. The mechanisms by which price speculation may occur in the housing market are described and formalised. A model of house prices is constructed that allows for speculation. Aspects of this model are tested using time-series data...

This paper examines the impact of demographic change on the housing market. More specifically, a difference-in-differences methodology is used to explore the effect of population decline and population ageing on house prices in Scotland and England/Wales. The analysis suggests that population...