Uk Houseprices: Convergence Clubs and Spillovers

Montagnoli, Alberto and Nagayasu, Jun (2013) Uk Houseprices: Convergence Clubs and Spillovers. Discussion paper. University of Strathclyde, Glasgow.

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    Abstract

    This paper uses the log t test to analyse the convergence of house prices across UK regions and the presence of spillovers effects. We find that UK house prices can be grouped into four clusters. Moreover we document the dynamics of the house price spillovers across regions.