Intra‐urban changes in housing prices: Glasgow 1972–83

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Abstract
Despite the widely acknowledged importance of house prices and the rate of house price appreciation within the urban system there has been relatively little empirical work to explore intra‐urban differentials in these factors. This has been due in some part to the lack of any longitudinal microdata on house prices. This paper uses a unique database held in Glasgow to examine small area change through the decade 1972–83. In particular the wide variations in the rate of house price appreciation will be discussed and related to the characteristics of the houses and their neighbourhoods, as well as local policy on improvements. The observed patterns of price change are somewhat counter intuitive and point to the dangers of making a priori assumptions about the workings of housing markets. We are able to show that in Glasgow an extremely depressed labour market has not led to a depressed housing market.

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