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Spatially displaced demand and the changing geography of house prices in London, 1995 - 2006.

By: Language: English Series: Housing Studies ; 24(3) May 2009, 301-320Publication details: 2009Subject(s): Summary: Discusses the effects of increasing high incomes and gentrification in inner London on the home ownership market. Examines the average London house price by borough, finding that the top-priced boroughs remain the highest priced and the lowest-priced boroughs remain at the bottom over the entire period. One change is noted: the gap between between the highest average price and the lowest average price has closed. Considers explanations for these changes.

Discusses the effects of increasing high incomes and gentrification in inner London on the home ownership market. Examines the average London house price by borough, finding that the top-priced boroughs remain the highest priced and the lowest-priced boroughs remain at the bottom over the entire period. One change is noted: the gap between between the highest average price and the lowest average price has closed. Considers explanations for these changes.