House price diffusion and inter‐regional and cross‐border house price dynamics

Author: Stevenson Simon  

Publisher: Routledge Ltd

ISSN: 1466-4453

Source: Journal of Property Research, Vol.21, Iss.4, 2004-12, pp. : 301-320

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Abstract

This paper examines house price diffusion with the Republic of Ireland and between the Republic and Northern Ireland. The results show that a large degree of diffusion takes place, particularly from Dublin to the other regions, in a manner that is similar and consistent with the UK ripple effect. The results would also support previous evidence that the boom in the Irish housing market in the late 1990s was more evident and led by movements in the Dublin market. Evidence of the importance of contiguous and non‐contiguous areas is also evident beyond the Dublin effect. The results would also appear to support the view that the Northern Irish market is more linked with the housing market in the Republic than with the rest of the UK.