This paper tests for speculative bubbles in the medieval English property market based on a unique hand-collected dataset from the feet of fines spanning the fourteenth and fifteenth centuries. We focus on asset types where there are sufficiently large numbers of transactions each year to make a...

Using several centuries of data on house prices from Amsterdam, the Netherlands, and seven key house price determinants, this paper shows that the historically recent increases in house prices over the past decades can be explained by 1) the increasing effect of interest rates and income on...