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Published on: June 8, 2015
Risks and interrelationships of subdistrict house prices: the case of Amsterdam
Alfred Larm Teye1, Jan de Haan2, Marja G Elsinga1
1Department of Research for the Built Environment (OTB), Faculty of Architecture and the Built Environment, Julianalaan 134, 2628 BL Delft, South-Holland Netherlands.
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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