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The Strathprints institutional repository is a digital archive of University of Strathclyde research outputs. Strathprints provides access to thousands of Open Access research papers by University of Strathclyde researchers, including those from the School of Psychological Sciences & Health - but also papers by researchers based within the Faculties of Science, Engineering, Humanities & Social Sciences, and from the Strathclyde Business School.

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Demographic change and the housing market : evidence from a comparison of Scotland and England

Wright, R.E. and Levin, E. J. and Montagnoli, A. (2009) Demographic change and the housing market : evidence from a comparison of Scotland and England. Urban Studies, 46 (1). pp. 27-43. ISSN 0042-0980

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Abstract

This paper examines the impact of demographic change on the housing market. More specifically, a difference-in-differences methodology is used to explore the effect of population decline and population ageing on house prices in Scotland and England/Wales. The analysis suggests that population decline and population ageing put downward pressure on prices. Therefore, the long-run trend of rising real house prices can not be assumed to continue into the future, particularly in Scotland.