4
$\begingroup$

To address what is widely perceived as under-supply of housing in England resulting in high costs of housing, the UK government has set a target of 300,000 new homes annually (the target relates to England only because housing policy in Wales, Scotland and Northern Ireland is the responsibility of their devolved administrations). I am interested in assessing the effect that achieving that target over a period of years would have on the cost of housing (for both buyers and renters).

Are there any recent (say last 10 years) academic studies of the own-price elasticity of demand for housing in England (or for the whole of the UK)?

$\endgroup$
2
$\begingroup$

I found a working paper by Auterson (2014) which estimates that the price elasticity of demand for housing in UK was $-0.92$, but it is an auxiliary result as the paper's main intent was to forecast the housing prices in UK not to estimate elasticity - might be still useful though.

| improve this answer | |
$\endgroup$

Your Answer

By clicking “Post Your Answer”, you agree to our terms of service, privacy policy and cookie policy

Not the answer you're looking for? Browse other questions tagged or ask your own question.