Why higher house prices lead to higher borrowing

Ahlfeldt, Gabriel M. ORCID: 0000-0001-5664-3230, Szumilo, Nikodem and Tripathy, Jagdish (2024) Why higher house prices lead to higher borrowing. British Politics and Policy at LSE (02 Oct 2024). Blog Entry.

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Abstract

The UK housing market has experienced a dramatic rise in house prices and mortgage debt over recent decades, both of which have outpaced average income growth. Gabriel M. Ahlfeldt, Nikodem Szumilo and Jagdish Tripathy show that much of the increase in mortgage debt can be attributed to homebuyers being compelled to borrow more in order to afford adequately sized homes.

Item Type:	Online resource (Blog Entry)
Official URL:	https://blogs.lse.ac.uk/politicsandpolicy/
Additional Information:	© 2024 The Author(s)
Divisions:	Geography & Environment
Subjects:	H Social Sciences > HD Industries. Land use. Labor J Political Science > JN Political institutions (Europe) > JN101 Great Britain H Social Sciences > HC Economic History and Conditions
Date Deposited:	16 Dec 2024 11:39
Last Modified:	16 Dec 2024 11:39
URI:	http://eprints.lse.ac.uk/id/eprint/126382

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