文章基本信息

标题：An investigation of housing affordability in the UK regions
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作者：Alberto Montagnoli ; Jun Nagayasu
期刊名称：Discussion Papers / Business School, University of Strathclyde
出版年度：2013
卷号：2013
出版社：University of Strathclyde
摘要：The housing market has been extensively investigated in the literature; however there is a lack of understanding of the fundamentals aecting housing aordability across UK regions as measured by the price to income ratio. The aim of this paper is twofold; rstly we calculate the aordability ratio based on individuals' incomes. Second we set o to ask which socio- economic factors could aect this ratio. The analysis nds a strong in uence coming from the mortgage rate, the residents' age and academic qualications. We also report a positive and signicant eect from foreign capital coming to the UK. Finally, we record a non-negligible degree of heterogeneity across the twelve regions.
关键词：House market; aordability index; heterogeneity; panel data