Purpose – The purpose of this paper is to estimate the expectations component contained in the asking price of residential property, in order to assess whether expectation plays a relevant role in house price appreciation. The paper tests the role of housing characteristics and value...

Purpose – The purpose of this paper is to explore how the difference between the sale price and list price of houses varies across the market cycle. Design/methodology/approach – The paper utilises quarterly transaction‐based information on house prices from the Belfast Metropolitan Area....

Purpose – The downturn in the residential housing market in Northern Ireland (NI) has been the most pronounced of any UK region, with house prices contracting circa 40 per cent between 2007Q3 and 2009Q4. The downturn at first glance appears to have increased the “ability to afford” however...

Purpose – The introduction of higher density housing development within suburban areas has been favoured by state governments in Australia as a means of improving the efficiency of land use, reducing the costs associated with the delivery of government services and promoting home ownership....