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LSE British Politics and Policy:

What the price-to-rent ratio reveals about Britain's housing crisis

The consensus that Britain's housing crisis stems from the lack of enough houses being built has received intense criticism lately. Christian Hilber and Andreas Mense analyse the price-to-rent ratio of UK homes and argue...Read more...

Journal article

The Economic Journal:

The rise and fall of the price-to-rent ratio: why are superstar cities different?

In most countries, during the 2000s and 2010s, house prices rose substantially relative to rents. This trend, however, was not uniform across space or time. The price-to-rent ratio increased much more strongly in the cou...Read more...

CEP discussion paper

Why have house prices risen so much more than rents in superstar cities?

In most countries ? particularly in supply constrained superstar cities ? house prices have risen much more strongly than rents over the last two decades. We provide an explanation that does not rely on falling interest ...Read more...