Risks and interrelationships of subdistrict house prices: the case of Amsterdam

This paper uses individual house transaction data from 1995 to 2014 in Amsterdam to explore the risks and interrelationships of the subdistrict house prices. Simple indicators suggest that house prices grow faster and are more risky in the central business district and its immediate surrounding area...

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Detalles Bibliográficos
Autores principales: Teye, Alfred Larm, de Haan, Jan, Elsinga, Marja G.
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Springer Netherlands 2017
Materias:
Article
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC5943390/
https://www.ncbi.nlm.nih.gov/pubmed/29770805
http://dx.doi.org/10.1007/s10901-017-9568-z
Descripción
Sumario:This paper uses individual house transaction data from 1995 to 2014 in Amsterdam to explore the risks and interrelationships of the subdistrict house prices. Simple indicators suggest that house prices grow faster and are more risky in the central business district and its immediate surrounding areas than in the peripherals. Furthermore, we observe an over time decreasing intervariations between the subdistrict house price growth rates, whereas we find a lead–lag and house price causal flow from the more central to the peripheral subdistricts.

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