Predicting the Geography of House Prices
Prediction is difficult. In this paper we use panel data methods to make reasonably accurate shortterm ex-post predictions of house prices across 353 local authority areas in England. The issue of prediction over the longer term is also addressed, and a simple method that makes use of the dynamics embodied in New Economic geography theory is suggested as a possible way to approach the problem.
February 2010 Paper Number SERCDP0045
This SERC/Urban and Spatial Programme Discussion Paper is published under the centre's Urban programme.