Skip to main content
Swati Dhingra has been appointed to the Bank of England’s Monetary Policy Committee (MPC) by chancellor Rishi Sunak. The MPC is responsible for deciding what monetary policy action the Bank of England will take to... Read more...
12 May 2022
House prices could fall when the stamp duty holiday comes to a close. London is particularly vulnerable because the price of houses rose particularly sharply over 2020, while the population of the capital... Read more...
30 March 2021
LSE study says there has been little exodus to rural areas in past year but buyers have sought space, with detached houses close to the centre of London seeing the biggest price increases over the past year. ... Read more...
Study by LSE's Richard Davies finds price volatility during the Covid-19 pandemic has been higher than in any comparable period since 1991. ... Read more...
05 February 2021
A large increase in US consumers' purchasing power compensated for trade-related job losses, write <b?Xavier Jaravel and Erick Sager. This blog post appeared first on the LSE USA blog. It's based on 'What are the Pric... Read more...
20 August 2019
Read more...
19 August 2019
When China joined the World Trade Organization in 2001, exports to the US market surged. In new research Xavier Jaravel and Erick Sager find that the rise of lower priced Chinese imports also helped to reduce prices of U... Read more...
14 August 2019
By sticking with the UK, the London School of Economics estimated Scotland will be £30bn worse off after Brexit, and the Bank of England reckoned incomes will be 900 a year less . ... Read more...
10 June 2018
Bloomberg News asked six market commentators to predict what they see happening next in London’s 1.8 trillion-pound ($2.4 trillion) housing market:… Rippling Out: Paul Cheshire, professor... Read more...
23 May 2018
Economists Jeffrey Sachs, John Helliwell and Richard Layard pointed out several factors that affect the well-being of citizens, including GDP per capita, life expectancy, corruption and social support. However... Read more...
16 May 2018
Finland, a perennial chart-topper on global rankings of well-being and prosperity, has just been named the world’s happiest country in the World Happiness Report. Finns are not happy about the news. &hel... Read more...
14 May 2018
Health economists Zack Cooper, Stuart V. Craig, Martin Gaynor, and John Van Reenen recently released an updated version of an older paper analyzing variations in health-care pricing for privately ins... Read more...
10 May 2018
On a related note, health economists Zack Cooper, Stuart V. Craig, Martin Gaynor, and John Van Reenen recently released an updated version of an older paper analyzing variations in health-care pricin... Read more...
We’ve known for decades now that there is widespread variation in what different hospitals charge for the same medical procedures. Study after study confirms this finding (one of my favorite studies show... Read more...
09 May 2018
This is hardly a fringe view. Economists Christian Hilber and Wouter Vermeulen point out that house prices would be 35 per cent lower if the most restrictive parts of the country (the South-East) were merely a... Read more...
08 May 2018
According to research in 2014 by the London School of Economics, wind farms can cut as much as 12 percent off the value of homes within a 2 kilometer radius, reducing property values as far as 14 kilometers aw... Read more...
17 April 2018
Pawel Bukowski (LSE) about the research presented at the IBS seminar “(Un)equal wages, incomes and wealth in Poland?” (Warsaw, 23/10/2017). ... Read more...
12 April 2018
DOI: 10.1111/ecoj.12429 Related publications Distinctively Different: A New Approach to Valuing Architectural Amenities Gabriel M. Ahlfeldt and Nancy Holman, SERC Discussion Paper No.171, Febru... Read more...
05 February 2018
The green belt is associated in most people’s minds with England’s “green and pleasant land” immortalised by William Blake in his poem Jerusalem. But according to Paul Cheshire, profess... Read more...
01 February 2018
And crooks respond to the changing value of goods, says Mirko Draca of the University of Warwick. With colleagues at the University of Glasgow and the London School of Economics, he examined the effect of pric... Read more...
16 December 2017
There is another B word that keeps popping up whenever the shortcomings of B for Brexit are highlighted. B for Bandwidth. We heard it from Alan Milburn as he explained why he was stepping down from his work he... Read more...
10 December 2017
In 2008, the Centre for Economic Performance (CEP) at the London School of Economics published research for England showing high performing (academically) schools can have an impact between 3% and 12% on prope... Read more...
09 December 2017
CFM-CEPR expert survey explores two aspects of recent developments in UK house prices Question 2: Do you agree that a more widespread weakening of the UK housing market will slow UK GDP growth significantly... Read more...
08 December 2017
Article by Christian Hilber and Teemu Lyytikainen How replacing stamp duty with better-designed local taxes could alleviate the crisis of housing availability. The SDLT (commonly labelled ‘stamp... Read more...
28 November 2017
Wales and Northern Ireland have suffered the worst spikes in inflation in the UK as a result of last year’s vote for Brexit, according to new research from the London School of Economics. The analysis by... Read more...
20 November 2017
Article by Josh De Lyon, Swati Dhingra and Stephen Machin Since Britain’s EU referendum, UK inflation has risen faster than that of the Eurozone. Price rises have varied across sectors, but as&nb... Read more...
06 November 2017
Food prices are rising faster, and real wage growth has again turned negative, write Josh De Lyon, Swati Dhingra and Stephen Machin.... Overall, this research points to a significant rise in prices occurring a... Read more...
04 November 2017
LSE economist Thomas Sampson viewed Martin’s press release and told HuffPost it had a “partial truth”, as axing the tariffs would make food cheaper but only cheaper than if Britain left the E... Read more...
Snippet: Mention of LSE study on cost of Brexit for Scotland ... Read more...
26 October 2017
Snippet: Discussion of study on cost of Brexit for Scotland ... Read more...
24 October 2017
It seems things are slowing down. And two distinct camps are emerging: the “priced out” generation, who are hoping a crash will lead to house prices they can afford, and the “propertied&rdquo... Read more...
09 October 2017
Paul Cheshire, professor of economic geography and the London School of Economics, said: ‘The term “millionaire” has long been reserved for those considered to have extreme wealth. A distant ... Read more...
05 September 2017
Paul Cheshire, professor of economic geography and the London School of Economics, said: "The term "millionaire" has long been reserved for those considered to have extreme wealth. A distant asp... Read more...
A new study forthcoming in the journal Economic Policy, based on a trove of data from 33 OECD countries over a 12-year period (2002-2014), finds that prices paid by consumers are higher in more concentrated ma... Read more...
08 August 2017
Recent claims – made by Paul Cheshire, professor of economic geography at the London School of Economics – of an impending crash and a 40% fall in property values are “quite frankly outrageou... Read more...
07 August 2017
We are also now beginning to see why Scots voted 2:1 to remain in the EU. The thinktank Centre for Cities has predicted that Scotland’s major cities will suffer the worst consequences of Brexit, hard or ... Read more...
30 July 2017
Brexit will hit hardest in the South of England, according to new research. But although the more prosperous cities of the South will lose the most, they will find it easiest to adapt. Aberdeen in the Nor... Read more...
29 July 2017
Brexit will hit Scottish oil capital Aberdeen the hardest of all Britain’s cities, with London also ranking highly and facing a medium-term blow to economic output of as much as 2.6 percent, academics at... Read more...
28 July 2017
To the outsider (that is, the consumer), the property market is issuing mixed messages. In fact these are simply differences of opinion. Take, for instance, Professor Paul Cheshire at the London School of E... Read more...
Woking has the highest density of golf courses of anywhere in the UK at more than 10% According to The Guardian , Surrey has more land for golf courses than homes thanks to planning policies that ensure the... Read more...
27 July 2017
Paul Cheshire, Professor of Economic Geography at the LSE, says house prices could crash by 40 percent. His colleague Christian Hilber explains: ‘If Brexit leads to a recession and/or sluggish growth for... Read more...
26 July 2017
Reference to Paul Cheshire on possible house price collapse. Click to open ... Read more...
19 July 2017
Bloomberg News asked seven market commentators to predict what they expected next in London’s £1.6-trillion housing market. Paul Cheshire, professor of economic geography at the London School of... Read more...
Brexit and higher tax has had a particularly negative impact on the market in well-heeled inner London areas, some of which have seen prices fall sharply over the past 18 months or so, as they absorb the stamp... Read more...
14 July 2017
Letter from Edwin Loo, Singapore Singapore is one of only a few jurisdictions in the world to have successfully implemented a comprehensive system of land value capture through betterment taxes and revenues... Read more...
12 July 2017
People may be paying too high a price to extend the leases on their homes according to new research from the LSE. The research, forthcoming in The Economic Journal(1), suggests that current leasehold extension... Read more...
11 July 2017
Snippet: ... signs of faltering market with a slight drop in house prices month on month quarter-on-quarter but they're still up on a year ago a man quoted in many areas house prices crash stories was Prof... Read more...
09 July 2017
Speaking last week, Paul Cheshire, a former government housing adviser, also warned that the property market could tumble. ‘We are due a significant correction in house prices. I think we are beginning t... Read more...
Paul Cheshire, professor of Economic Geography at the London School of Economics, said: “We are due a significant correction in house prices. “I think we are beginning to see signs that correcti... Read more...
Paul Cheshire, professor of economic geography at the London School of Economics, made headlines last weekend by warning that house prices could be heading for “a significant correction” — of... Read more...
House price data has so far suggested a softening in the market rather than a crash. However, The Mail on Sunday last weekend reported that Britain could be on the brink of a major 1990s-style house price coll... Read more...
Newspaper headlines this week have been shouting about a crash in the housing market. Massive collapse! Property prices could plunge! We hear from the man quoted in many of those stories, Professor Paul Cheshi... Read more...
08 July 2017
Paul Cheshire, emeritus professor of economic geography at the London School of Economics, told Building: “There’s likely to be a downward correction of house prices, primarily because of decl... Read more...
07 July 2017
Simon French of Panmure Gordon told the newspaper: “These prices are only sustainable in a world of permanently low interest rates and low unemployment. Any sharp correction in either the credit or the l... Read more...
06 July 2017
Earlier this week Paul Cheshire, a professor of economic geography at the London School of Economics, gave a starker warning. He said: “We are due a significant correction in house prices. I think ... Read more...
05 July 2017
HOUSE prices in Britain are close to a crash that could be as bad as the bust of the early 1990s, according to warnings from a leading economics expert Paul Cheshire, Professor of Economic Geography at the ... Read more...
9 o'clock if you have a health read then you can call us now and takes more calls as well on this issue of people fleeing the NHS but before that Sir rumours are continuing to circulate of the cra... Read more...
04 July 2017
Two leading economics professors have warned that the UK housing market is on the brink of a 40% collapse, echoing the early 1990s property crisis. “We are due a significant correction in house pric... Read more...
Professor Paul Cheshire predicts London property is long overdue a price correction. But could values really fall 40 per cent and bring about the return of 1990s scale negative equity? ... Read more...
Two leading economics professors have warned that the UK housing market is on the brink of a 40% collapse, echoing the early 1990s property crisis. "We are due a significant correction in house price... Read more...
Homeowners could see a sharp drop in the value of their houses because of Brexit paired with the wage drop, a London School of Economics professor predicts. Prices could fall almost 40 per cent and even put ho... Read more...
03 July 2017
Snippet: there are already warning signs that prices are heading toward a near 40% plunge Paul Cheshire Professor of economic geography at the London school of economics while here to debunk... Click to open ... Read more...
02 July 2017
Leading economists have warned that the UK is heading for a collapse in house prices not seen since the early 90s which risks plunging homeowners into negative equity. "We are due a significant correction... Read more...
House prices could plummet by almost 40 per cent as Britain faces a crash similar to that in the 1990s, a leading professor at the London School of Economics has warned. A possible Brexit -sparked recession co... Read more...
A study by Zack Cooper, Martin Gaynor and John Van Reenen — economists at Yale, Carnegie Mellon University, and the London School of Economics, respectively — concludes that lack of competition and... Read more...
House prices are teetering on the brink of a crash that could be as bad as the bust of the early 1990s, a leading expert has warned. There are already warning signs that prices are heading towards a near 40 pe... Read more...
01 July 2017
The recent U.S. energy revolution, courtesy of high-tech advancements in hydraulic fracturing, has made U.S. manufacturing more competitive globally, lowering costs for energy-intensive industries while increa... Read more...
03 March 2017
It has lowered costs for energy-intensive industries, boosting output, employment and exports, write Rabah Arezki, Thiemo Fetzer and Frank Pisch … Our results suggest that the cost advantage due to t... Read more...
16 December 2016
Shale gas offers the prospect of a low-cost energy future, but invokes fears of environmental catastrophe, write Stephen Gibbons, Stephan Heblich, Esther Lho and Christopher Timmins ... Read more...
HUGE THREAT TO ECONOMY TO OVERSHADOW TORY BUDGET The Scottish National Party has said that the threat of a hard Brexit will be the ‘elephant in the room’ at the Autumn Statement. “The T... Read more...
20 November 2016
The impact on productivity is as bad. The LSE (Centre for Economic Performance) suggests reduced trade will reduce productivity amounting to between 6.3 per cent and 9.5 per cent of GDP. This article was pu... Read more...
A study carried out by the Centre for Economic Performance at the London School of Economics shows that these students have a positive effect on the English students. "Data from the Catholic schools, w... Read more...
13 November 2016
Trump’s true legacy will be that of rural vandalism on a colossal scale. A unique wilderness at Menie destroyed for a golf course. This was a site of Special Scientific Interest, the highest environmenta... Read more...
01 November 2016
Two years ago, the London School of Economics delivered bad news to the renewables industry. It published a research paper that showed that house price appreciation was significantly reduced by being near wind farms in E... Read more...
19 October 2016
However, land regulation may play a bigger role. According to a recent paper by Christian Hilber and Wouter Vermeulen of the London School of Economics, alongside Greater London, scarcity of open, developable land is gre... Read more...
24 September 2016
Even [Sadiq] Khan's predecessor Boris Johnson campaigned with several plans to build 55,000 new homes in London and to slow down the price increase caused by demand pressures. Up to the end of his tenure, he failed. Khan... Read more...
22 September 2016
There have been major changes to Ireland's apprenticeship system over the past few years, and now the overall number of apprentices is expected to increase to about 10,700. And, although Ireland's apprenticeship system i... Read more...
13 September 2016
Brexit will be deeply damanging to Scotland's economy, warns Nicola Sturgeon. ...by the Treasury, the National Institute of Economic and Social Research and the London School of Economics' Centre for Economic Performanc... Read more...
23 August 2016
Professor Curran said said non-tariff barriers could raise costs for NI farmers by between 2% and 4% and a recent study by the Centre for Economic Performance (CEP) found that a 2% increase in non-tariff barriers could a... Read more...
27 July 2016
For example, I have obtained an internal Scottish Enterprise document circulated last week among senior managers declaring the consequences of Brexit for the Scottish manufacturing sector ''to be overwhelmingly negative'... Read more...
09 July 2016
Brexit uncertainty ''would tend to push up risk premia'', as InFacts has already pointed out. Funding costs for banks could go up, as would borrowing costs for homeowners and consumers. The UK's current account deficit i... Read more...
12 May 2016
There is enough green-belt land in Greater London to build 1.6m houses at average densities, says Paul Cheshire of the London School of Economics (LSE) - about 30 times the number of new houses London needs a year. But o... Read more...
30 April 2016
Poor land-use regulation is the main reason for Londons crazy prices. Two problems stand out. ... There is enough green-belt land in Greater London to build 1.6m houses at average densities, says Paul Cheshire of the Lo... Read more...
25 April 2016
New research by London school of economics Professor Christian Hilber and Wouter Vermeulen of the Netherlands Bureau for Economic Policy Analysis provides strength and evidence of the connection between high housing pr... Read more...
12 April 2016
It costs a relatively large amount of money to buy a house in the UK - something readers from the UK will almost certainly agree with. But economists differ over why this is. This column argues that strict planning regul... Read more...
10 April 2016
The CBI also said savings from reduced contributions to the EU's budget and regulation would be greatly outweighed by the negative impact on trade and investment. Last week a report by the Centre for Economic Performance... Read more...
21 March 2016
According to studies conducted by John Van Reenen, director at the Centre for Economic Performance at the London School of Economics and Political Science, differences in productivity between other countries and the US c... Read more...
11 March 2016
London is not representative of the entire economy of Britain, however; leaving the European Union would cause a large economic shock. The Centre for Economic Performance at the London School of Economics predicted a 6.3... Read more...
07 March 2016
Article by Swati Dhingra and Thomas Sampson In June, UK voters will decide whether to remain part of the EU. This column explores the UK's options if a majority votes in favour of Brexit. One possibility is for the UK, ... Read more...
04 March 2016
Paul Cheshire is interviewed about building on the green belt in the South East. The interview was broadcast by BBC South East on the Inside Out programme on February 29, 2016 Link to recorded interview here Related... Read more...
29 February 2016
[David] Blanchflower and [Stephen] Machin argue labour market must tighten further before pay growth picks up, something Bank of England consistently fails to acknowledge. This article was published by The Guardian on F... Read more...
02 February 2016
Professor Paul Cheshire accused the tycoon of hugely exaggerating the size and benefits of his stake in Scotland and said promises made by him were falling apart at the seams. This article was published by the Mail on ... Read more...
10 January 2016
...Unprecedented and profound mutation in the English system", says Stephen Machin, Professor of Economics at the University College of London (UCL). This article was published online by Acteurspublics on September 1, 2... Read more...
01 September 2015
It's a well-known fact that Essex is blessed with an excellent choice of schools, in both the public and private sectors. And thanks to some research published a couple of years ago by the Centre for Economic Performance... Read more...
12 August 2015
In Switzerland and under the mattress here is where the money goes that Greeks have withdrawn from ATMs The great capitals [wealth], however, are probably already fled. And Switzerland, according to research by economi... Read more...
07 February 2015
Nobel winner, Professor Chris Pissarides from London School of Economics, was unconcerned about a fall in China's growth rate. ''The slowdown was bound to happen and the Chinese are prepared for it'', he said. This ... Read more...
20 January 2015
Poll respondent Sir Christopher Pissarides, professor at the London School of Economics, said the prospect that governments in London and Edinburgh would compete to attract taxpayers would far outweigh any gains; and adm... Read more...
21 November 2014
Paul Cheshire discusses housing affordability and need to build new housing. This interview was broadcast by BBC South on November 6, 2014 (no link available) Also on: BBC Radio Oxford Related links Paul Ches... Read more...
06 November 2014
Wind turbines are generally popular as a source of green energy but face considerable opposition from the people who have to live near them. Steve Gibbons uses local property markets as a way to value the visual impact o... Read more...
20 October 2014
Professor Paul Cheshire of the London School of Economics, has written that ''the unstoppable damage they do to societal fairness, housing affordability, the economic efficiency of our cities, even the environment, is de... Read more...
19 October 2014
Alluding to research from the London School of Economics, which showed more of Surrey if devoted to golf courses than housing, Dr Cable said if he was in a middle-income family struggling to find a home in the county, he... Read more...
16 October 2014
New homes should be built on golf courses in an attempt to solve the housing crisis, Vince Cable has suggested. ... Dr Cable was responding to a study by the London School of Economics which suggested that more of Surrey... Read more...
08 October 2014
In a letter to the Financial Times, academics from Scotland and England warn that separation is a gamble with very poor odds. Professor John Van Reenen, Director of the Centre for Economic Performance; Professor Mike El... Read more...
17 September 2014
En el otro lado, el economista Luis Garicano, tambien de la London School of Economics, advirtio de los ''brutales costes de un divorcio a las bravas'', pero dejo tambien un duro ataque a la actitud del Ejecutivo de Mari... Read more...
02 September 2014
In translation: The London School of Economics and Political Science (LSE) along with the Imperial College Business School have conducted a curious study that analyzed the evolution of the price of more than one millio... Read more...
05 August 2014
Londoners show a greater willingness than the rest of the country to pay for broadband, reflecting very high usage in the capital city for both work and personal reasons. ''Speed matters,'' says Gabriel Ahlfeldt, associa... Read more...
House prices have grown faster in England since late 1973 than almost all other European countries. So what is going on? The problem is clearly that there is too little supply, given the demand and the growing population... Read more...
The SNP has been in government in a devolved Scotland for more than seven years. During that time it has had control over most of the levers of social justice, from education to healthcare, from local authority spending ... Read more...
27 July 2014
A wind farm developer has agreed to stop distributing a booklet which was given to residents in the parish of St Enoder after a complaint was made to the Advertising Standard Authority (ASA). The complaint to ASA argued ... Read more...
02 July 2014
Stephen Stone, chief executive officer of Crest Nicholson Holdings Plc and Paul Cheshire, professor of economic geography at London School of Economics, discuss U.K. property prices, planning laws and building on green-b... Read more...
17 June 2014
Paul Cheshire discusses need for more housing on greenbelts. This interview was broadcast by BBC Berkshire on May 14, 2014 No link available. Related publications Turning houses into gold: the failure of Britis... Read more...
14 May 2014
Green belt polices that aim to keep ''the urban unwashed out of the Home Counties'' are causing a housing affordability crisis, according to a London School of Economics (LSE) professor. Britain's booming house prices ha... Read more...
02 May 2014
Large windfarms can knock as much as 12 percent off the values of homes within a 2km radius, and reduce property prices as far as 14km away, according to research by the London School of Economics. The findings contrast ... Read more...
08 April 2014
New paper by Pawel Bukowski and Filip Novokmet “Inequality in Poland: Estimating the Whole Distribution by g-percentile 1983-2015” combines national accounts, survey and tax data in order... Read more...
29 November 2007
Earlier this week Paul Cheshire, a professor of economic geography at the London School of Economics, gave a starker warning. He said: “We are due a significant correction in house prices. I think we are... Read more...
05 July 2005