International trade and cities: what house prices say
The relationship between changes in the value and direction of trade and house prices are examined for Ireland, Britain, Canada, the United States and New Zealand. It finds a strong relationship between trade patterns and locational value. Australia is examined at a continental scale. As Australias trade is steadily more focused on Asia, the values of those cities located in the north and west have risen faster than the rest.
- International trade and cities: what house prices say [PDF: 3095 KB]