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作者

来源

JOURNAL OF HOUSING AND THE BUILT ENVIRONMENT,Vol.33,Issue2,P.209-226

语言

英文

关键字

Hedonic index; House prices; Lead-lag effect; Property price risk; Subdistricts; Amsterdam; TEMPORAL DIFFUSION; TIME-SERIES; UNIT-ROOT; MARKETS

作者单位

[Teye, Alfred Larm; Elsinga, Marja G.] Fac Architecture & Built Environm, Dept Res Built Environm OTB, Julianalaan 134, NL-2628 BL Delft, South Holland, Netherlands. [de Haan, Jan] Stat Netherlands CBS, Div Corp Serv IT & Methodol, Henri Faasdreef 312, NL-2492 JP The Hague, Netherlands. Teye, AL (reprint author), Fac Architecture & Built Environm, Dept Res Built Environm OTB, Julianalaan 134, NL-2628 BL Delft, South Holland, Netherlands. E-Mail: a.l.teye@tudelft.nl; jandehaan1@gmail.com; M.G.Elsinga@tudelft.nl

摘要

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.