Munich Personal RePEc Archive

Predicting the Geography of House Prices

Fingleton, Bernard (2010): Predicting the Geography of House Prices.

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Abstract

Prediction is difficult. In this paper we use panel data methods to make reasonably accurate short term ex-post predictions of house prices across 353 local authority areas in England. The issue of prediction over the longer term is also addressed, and a simple method that makes use of the dynamics embodied in New Economic geography theory is suggested as a possible way to approach the problem.

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