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

Alfred Larm Teye; Jan de Haan; Marja G. Elsinga

doi:10.1007/s10901-017-9568-z

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

Alfred Larm Teye, Jan de Haan, Marja G. Elsinga

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10 Citations (Scopus)

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Abstract

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.

Original language	English
Pages (from-to)	209-226
Number of pages	28
Journal	Journal of Housing and the Built Environment
Volume	33 (2018)
Issue number	2
DOIs	https://doi.org/10.1007/s10901-017-9568-z
Publication status	Published - 2017

Keywords

Amsterdam
Hedonic index
House prices
Lead–lag effect
Property price risk
Subdistricts

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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10.1007/s10901-017-9568-z

Teye2018_Article_RisksAndInterrelationshipsOfSu-1Final published version, 467 KBLicence: CC BY

Cite this

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abstract = "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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AU - de Haan, Jan

AU - Elsinga, Marja G.

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AB - 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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KW - Hedonic index

KW - House prices

KW - Lead–lag effect

KW - Property price risk

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JO - Journal of Housing and the Built Environment

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IS - 2

ER -

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

Abstract

Keywords

UN SDGs

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