ERES:conference

An enigma has emerged in the UK mortgage possessions data. As expected, possessions in England and Wales have been decreasing in line with falling unemployment and interest rates, but in Scotland, possessions are actually on the increase. This puzzling pattern in the data forms the rationale for...

This article is a short introduction to the special issue. In this, we provide a brief commentary on the main papers and also set out why we have put this special issue on new directions together. Our aim has been to stimulate new thinking and ideas promoting new areas for future research in...

This paper examines the 'global competition' aspects of housing policies and the implications of an emerging 'flexible' economic order for housing markets in advanced economies. An overview is given of movements in international patterns of growth and trade, including a review of the effects on...

This paper uses data at English local authority district level to construct a simultaneous equation model of housing construction that compares elasticities of supply between two cross-sectional periods—1988 (boom) and 1992 (slump) — using the variable elasticity approach....

Standard urban economic theory predicts that house prices will decline with distance from the central business district. Empirical results have been equivocal, however. Disjoints between theory and empirics may be due to a nonmonotonic relationship between house prices and access to employment...

This paper examines the decision to take out mortgage payment protection insurance (MPPI) in the UK. The paper explains how MPPI has increased in importance over the last decade due to the government stating that Income Support for Mortgage Interest (ISMI) has crowded-out MPPI. A theoretical...

We argue that the rush to apply multiple regression estimation to time on the market (TOM) durations may have led to important details and idiosyncrasies in local housing market dynamics being overlooked. What is needed is a more careful examination of the fundamental properties of time to sale...