Skip to main content
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
In their robotics focussed study carried out in 2015, Graetz and Michaels concluded that robot densification increased the annual growth of GDP and labour productivity by about 0.37% and 0.36% respectively across 17 coun... Read more...
23 September 2019
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
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
The rate of UK house-building has fallen well behind our demographic requirements, driven by natural population growth and net immigration. “We’ve not built nearly enough homes since the Sixties &n... Read more...
19 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
In this regard, scholars such as Erik Brynjolffson, Lorin Hitt, Nick Bloom, and John Van Reenen have all shown that computers by themselves don't unleash rapid productivity growth; rather, it takes new bus... Read more...
21 February 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
Researchers at the ESRC Centre for Economic Performance have explored the impact of stamp duty on different types of mobility, by comparing mobility rates of otherwise similar homeowners with self-assessed hou... Read more...
01 February 2018
The cut in stamp duty for first-time buyers was good news but more needs to be done to help overcome the housing crisis, according to the chief executive of the Family Building Society, Mark Bogard. It foll... Read more...
10 January 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
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
New job openings attract not only local workers, but also those living relatively near, write Alan Manning and Barbara Petrongolo. Place-based policies that target disadvantaged areas are widespread in b... Read more...
01 December 2017
Right now, the British people are already paying money. Every time they go shopping, because prices have gone up, they actually can buy less with their money said Dennis Novy, research fellow at the Center for... Read more...
24 November 2017
Dennis Novy interviewed by Chinese television on CEP Brexit analysis research into how much Brexit is already costing UK households. ... Read more...
23 November 2017
A report from the Centre for Economic Performance (CEP) says the average household is paying £404-a-year extra on food and household items due to rising prices. After the EU referendum vote, the falling ... 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...
Earlier this year, a report by the London School of Economics and the VATT Institute for Economic Research said the rate of home moving would be 27 per cent higher without stamp duty. Related publications ... Read more...
30 October 2017
Alex Eble, Peter Boone and Diana Elbourne, The World Bank Economic Review, Volume 31, Issue 3, October 2017 DOI: 10.1093/wber/lhw034 Related links Peter Boone CEP Alumni webpage: http://www.effi... Read more...
10 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...
Stamp duty is making the housing crisis worse because it is deterring older homeowners from downsizing, it has been claimed. A report by the London School of Economics and the VATT Institute for Economic Resea... Read more...
16 August 2017
A recent paper by Christian Hilber of the London School of Economics suggests that stamp duty reduces the rate of home moving by about a fifth. Related publications ‘Transfer Taxes and Household Mo... Read more...
14 August 2017
Academics have claimed that the housing market is being adversely affected by stamp duty. According to research from the London School of Economics and the VATT Institute for Economic Research, the duty is det... Read more...
Professor Christian Hilber, who co-authored the report, said: "Stamp duty discourages young expanding families from moving to more adequate, larger housing and it discourages the elderly from downsizing. ... Read more...
11 August 2017
Current stamp duty rates are deterring older buyers from downsizing and therefore freeing up homes for those further down the housing ladder, but the research from the London School of Economics and the VATT I... Read more...
Present rates of Stamp Duty are putting older buyers off downsizing and stopping more homes coming onto the market for those at the bottom of the housing ladder. Research from the London School of Economics an... Read more...
By raising the costs of moving home, stamp duty is likely to have “very substantial detrimental effects” on the property market, according to research released this week by academics from the Londo... Read more...
Snippet: ... A report by the London School of Economics also claimed that stamp duty is making the housing crisis worse because it is deterring older homeowners from downsizing. Related publications ... Read more...
10 August 2017
Snippet: ... "The important message for our paper is that the taxation has significantly hurt the liquidity," said Professor Christian Hilber, co-author of the report. Related publications &lsq... Read more...
Co-author of the report, Professor Christian Hilber, said: “The key message of our paper is that stamp duty hampers mobility significantly’… Related publications ‘Transfer Taxes ... Read more...
The tax is stopping young families from moving to a larger home, a report says, and deterring older people from downsizing. Snippet: ...Professor Christian Hilber, who co-authored the report, said: "Th... Read more...
"The important message of our paper is that the taxation is significantly damaging to liquidity," said Professor Christian Hilber, co-author of the report. "" If a young family adds a filia... Read more...
09 August 2017
A cabinet minister, who apparently wishes to remain anonymous, has told the Daily Telegraph that stamp duty must be reformed as it is exacerbating the housing crisis, stopping older homeowners from downsizing.... Read more...
A study by the London School of Economics and the VATT Institute for Economic Research found Stamp Duty, or property transfer taxes, were making households less likely to move, particularly over shorter distan... Read more...
Snippet: ... Prof Christian Hilber, of the London School of Economics, tells the paper the key message from the research is that stamp duty hampers mobility significantly. Related publications ‘Tra... Read more...
Snippet: ... Prof Christian Hilber, who co-authored the report, said: “The key message of our paper is that stamp duty hampers mobility significantly. Related publications ‘Transfer Taxes and... Read more...
Snippet: ... Professor Christian Hilber, who co-authored the report told the Daily Telegraph: “The key message of our paper is that stamp duty hampers mobility significantly. Related publications &... Read more...
Snippet: ... Co-author of the report, Professor Christian Hilber, said: “The key message of our paper is that stamp duty hampers mobility significantly. Related publications ‘Transfer Taxes a... Read more...
Snippet: ... LSE Professor Christian Hilber said: "If you are a young family and you have an additional child, you'll need an additional room, but the stamp duty is discouraging this kind of move beca... Read more...
The academic paper, published jointly by the London School of Economics and the VATT Institute for Economic Research, estimates the level of home moving would increase by 27 per cent if the levy was abolished ... Read more...
However, research from the LSE and the VATT Institute for Economic Research suggests the human cost of stamp duty is even higher. It artificially reduces the rate at which people move by nearly one-third, it s... Read more...
08 August 2017
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...
Snippet: ... A report from academics said stamp duty reduces the rate of home moving by nearly a third and meant that large homes were not being freed up for young, growing families. Related publications ... Read more...
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
in the last decade, the average amount of stamp duty charged per residential transaction has risen by 30% in real terms (though recent changes have lightened the load slightly for some). The need to pay thousa... Read more...
05 August 2017
A little-noticed change in Britain’s housing market spells trouble for everybody Snippet: ...n has risen by 30% in real terms (though recent changes have lightened the load slightly). The need to pay ... Read more...
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...
28 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
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
Professor Paul Cheshire, who has advised the Government on housing policy, said: 'We are due a significant correction in house prices. I think we are beginning to see signs that correction may be star... Read more...
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...
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
Construction of McMansions has also increased but people who have smaller homes near where McMansions are built are much, much unhappier with their homes, according to a paper published in the spring by r... Read more...
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...
Construction of McMansions has also increased but people who have smaller homes near where McMansions are built are much, much unhappier with their homes, according to a paper published in the spring by resear... 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
Britons' incomes could be slashed by as much as 9.5 percent once the U.K. formally leaves the European Union, a new study released today by MIT economics professor John Van Reenen has claimed. The repor... Read more...
08 February 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...
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
There is another house price bubble under way in the Dublin area. Notwithstanding the efforts by the Central Bank to keep mortgage credit under control, some extraordinary prices have been quoted recently for the small p... Read more...
07 July 2016
Labour MPs now walk around saying that immigration reduces domestic wages, that the rich man has got a cheaper plumber, but the indigenous plumber has had to reduce his fees. Usually this argument is framed as an assault... Read more...
25 June 2016
The parallels between Brexit backers and Trumps supporters is clear. Trump's campaign targets manufacturing towns across America, frequently expressing the need to reject globalism and put ''America first''. In Britain, ... Read more...
24 June 2016
Claim Being in Europe means lower prices in UK shops, saving the average UK household over £350 a year. If we left Europe, your weekly shop could cost more. Conclusion This isn’t the impact of b... Read more...
23 May 2016
Claim Leaving the EU would cost the average UK household at least £850 a year, and potentially as much as £1,700, according to research released by the London School of Economics. Conclusion The... Read more...
Article by Cletus C. Coughlin and Dennis Novy Borders impede trade, and a major objective of research in international trade has been to identify by how much. This column argues that bilateral trade data can give a misl... Read more...
08 May 2016
Investors who strongly favour green energy make less thorough location searches, writes Yatang Lin Wind power is becoming an increasingly important part of the US energy mix, taking up more than four per cent of the tot... Read more...
19 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
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
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
A steep reduction in UK emissions over the last two decades disguises a number of ineffective government policies, argues a new report from the London School of Economics. In a briefing on the key environmental policy is... Read more...
30 April 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
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
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...
Campaigners fighting against plans to erect three wind turbines in Haddenham say thousands of pounds could be wiped off the value of every home in the village if the scheme goes ahead. The Stop Berry Fen Wind Farm group... Read more...
18 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
There are now more than 1.1 million children in our schools whose first language ''is known or believed to be other than English'' according to the latest government figures. ... Chinese students are our highest performi... Read more...
01 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
THE UK housing market needs Help to Supply, not Help to Buy. The government's housing scheme has helped first-time buyers get a leg-up onto the property ladder, but that privilege has come at a price - with house prices... Read more...
21 May 2014
In the long run, the answer to Britain's out-of-kilter housing market is an increase in the supply of homes. Paul Cheshire, an academic at the London School of Economics, says there has been a slowdown in the number of n... Read more...
11 May 2014
Nipping it in the bud too soon, despite justifiable concerns about house prices in some areas, could backfire. Professor Paul Cheshire, in a spirited piece for the London School of Economics' CentrePiece magazine, estima... Read more...
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
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