The dynamics of the owner-occupied housing market in Southern England in the late 1980s : a study of new building and vacancy chains

Ray FORREST, University of Bristol, United Kingdom
Alan MURIE, Heriott-Watt University, United Kingdom

Abstract

This paper examines the direct and indirect effects of new residential construction on patterns of housing opportunity and mobility. Drawing on the empirical evidence from a major study of housing turnover, the paper explores the particular features of the housing market in Southern England. The research was carried out in 1988 and 1989 at the end of a period of rapid house price inflation. The paper offers an assessment of the findings in the context of the current climate of recession and argues that the underlying dualism in the market remains.