Housing market processes, urban housing submarkets and planning policy

Abstract

This paper seeks to develop an analytical framework that can be used to generate insights into the working of local land and property markets and provide the basis for planning policies. The framework is based on the notion that local housing market areas are composed of a system of spatially defined housing submarkets. It is applied to an empirical analysis of the Glasgow housing market. The primary focus of the research presented is on migration patterns between and within submarkets and the role of price structures in these processes. In the concluding section the utility of this research is assessed as a tool for guiding decisions taken in planning for local housing markets.

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