About us

The UK Housing Observatory is a project of the Economics Department at Lancaster University Management School (LUMS), aiming to improve our understanding of the UK national and regional housing markets. We provide a comprehensive publicly available set of information and tools to perform real-time monitoring of domestic real estate markets both at the national and regional level.

Our researh is not confined to the UK real estate market. We work in cooperation with the International House Price Database of the Globalization and Monetary Policy Institute on providing similar exuberance indicators for international markets, which are available at The Federal Reserve Bank of Dallas website and the International Housing Observatory.

Team Members

Themis Pavlidis

Director

Ivan Paya

Director

Kostas Vasilopoulos

Web Administrator

Alisa Yusupova

Web Administrator

David Peel

Member

William Tayler

Member

Alex Skouralis

Member

Ben Finch

Member

Research Output

Pavlidis E.G., Paya I., Skouralis A. (2020)

House prices,(un) affordability and systemic risk

New Zealand Economic Papers, 1-19

Pavlidis E.G., Martinez-Garcia E., Grossman V. (2018)

Detecting periods of exuberance: A look at the role of aggregation with an application to house prices

Economic Modelling

Yusupova A., Pavlidis E.G., Paya I., Peel D.A. (2017)

Exuberance in the UK Housing Markets

Lancaster University Management School, Working Paper, Paper No.2017/012.

Pavlidis E.G., Paya I., Peel D.A. (2017)

Testing for Speculative Bubbles Using Spot and Forward Prices

International Economic Review, 58(4), pp.1191-1226.

Pavlidis E.G., Yusupova A. , Paya I., Peel D.A. , Martinez-Garcia E., Mack A. , Grossman V. (2016)

Episodes of Exuberance in Housing Markets: In Search of the Smoking Gun

Journal of Real Estate Finance and Economics, vol.53(4), pp.419-449.

Media Coverage

The Independent

20 May 2020
Has the pandemic changed our property wish list?

iNews

18 February 2019
How a no-deal Brexit will affect house prices, according to property experts

The Independent

6 April 2018
Finally got that last home? Don't expect the same wealth as your parents

The Times

11 April 2017
The problem is not housing supply - it's our boom-and-bust mentality

Financial Times

11 April 2017
Rising house prices lift birth rates for homeowners, study shows

Business Insider

11 April 2017
The key driver of Britain's wildly inflated property market might not be what we think it is

Royal Economic Society

Media Briefing, April 2017
Exuberance caused the UK house price boom

MSN

10 April 2017
The Only Solution to Britain's Housing Crisis May Be a Crash

Finance Monthly

14 March 2017
Your thoughts: House Price Growth Slowing Down

Property Reporter (Web)

8 February 2017
Economists predict housing crash won't happen in 2017

Property Wire

8 February 2017
House prices set to grow by 3.5% in the UK in 2017

Property Wire

18 April 2016
The growth of London house prices has slowed down, new data suggests

World Finance

18 January 2016
Will there be another property bubble in 2016?

Financial Times

6 November 2015
London property bubble risks are overblown, say agents

Mirror

3 November 2017
London house prices set to crash in 2017 with market 'currently nearing a bubble'

This is Money

3 November 2015
Britain's property market isn't in a bubble, academics claim - but London is on the cusp of one...and it could blow up in 2017

Evening Standard

2 November 2015
Is London heading for another property price bubble as soon as 2017?

The Conversation

11 June 2014
Explosive London Housing bubble will spread to the rest of the UK