A Multi-level Analysis of the Variations in Domestic Property Prices: Southern England, 1980-87

Abstract

It is argued that previous research on spatial variations in domestic property prices has failed to consider the multi-level nature of the problem. In describing underlying temporal trends and spatial patterns at the macro level, it is necessary to take account of the attributes of individual properties at the micro level. As an empirical illustration of the general approach, a number of models are calibrated for Southern England using sample data derived from building-society mortgages.